HIGHLIGHTS
- Rutila, on behalf of the Balla Balla Joint Venture (BBJV) invited to negotiate a State Agreement with the WA Government;
- Rutila draws down Tranche 2 - $5 Million Convertible Loan after having completed certain project milestones;
- Front End Engineering and Design (“FEED”) work continued during the quarter including undertaking of geotechnical and hydrological field studies relating to the rail and port which are required for the Jetty and Rail design;
- Negotiations with Native Title, Pastoralists and Mining Tenement Holders continued during the quarter;
- Entry into a Framework Agreement with one of the largest steel mills in China setting out the basis upon which the JV and the Chinese mill will develop a long term strategic relationship;
- Department of Lands Section 91 (early investigation) Licence granted in December 2014;
- Continued negotiations relating to the Pilbara Port Authority Agreement;
- Applied for and subsequently obtained approval by the Environmental Protection Authority for the BBJV’s Port Expansion;
- Metallurgical test work on both the composite samples of graphite bearing core from the Bristol occurrence as well as on the bulk sample of heavy mineral sands (HMS) collected during the last quarter from the Company’s Eucla West Project
commenced during the December quarter.
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