HIGHLIGHTS
- 4,000 tonne Commercial Purchase Order received for premium 63% Fe with A$65 sales price, representing higher grade and prices than indicated previously to the market.
- Company confident of further improving sales price for equivalent product.
- Processing of Run of Mine material into the plant has commenced, with iron ore deliveries expected to commence in this month.
NSL Consolidated Limited (Company, ASX:NSL, NSLO), wishes to update the market regarding the progress of its Phase Two Wet Beneficiation Plant.
The Company is pleased to advise that it has now received its first commercial Purchase Order (PO) for the premium product produced by the Phase Two wet beneficiation plant. The initial PO issued by BMM Ispat (BMM) is for the supply of 4,000 tonnes of 63% Fe filter cake (wet plant product). The negotiated sales price for the initial PO is A$65 (equivalent) with payment terms within 10 days on 1,000 tonne lots.
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