IronClad Mining Limited (ASX:IFE) is set to start production in the first quarter after finalising key mining approvals for its planned iron ore Wilcherry Hill project in South Australia.
The move to construction start-up comes just weeks after the state government formally approved the final statutory hurdle for the project.
The project is set to create more than 150 jobs in the region with more than $340 million of investment.
IronClad’s Executive Chairman, Ian Finch, says the company is on track to start maiden production from the mine in the March quarter.
First product is due for export to Chinese customers in the June quarter.
IronClad owns 80 per cent of Wilcherry Hill, with the remaining interest held by Trafford Resources Limited (ASX:TRF).
In the year to June 30, 2011 IronClad Mining posted a net loss of $571,000.
