The development of Brockman Resources Limited (ASX:BRM) owned Marillana iron ore deposit in the Pilbara has been delayed because of Wah Nam’s hostile takeover of Brockman earlier this year.
A bankable feasibility study was due by the end of October but Wah Nam says the review won’t be completed for another month at the earliest because the feasibility study would need to be “deferred until a revised timetable has been prepared for the project”.
The deposit’s estimated to hold 1.6 billion tonnes of haematite, and Fairfax reports Fortescue Metals Group (ASX:FMG) is looming as a possible partner in the project.
Brockman Resources Limited (ASX:BRM) reported loss of $40.8 million for the six months to June.
