Highlights
- Direct mine capital cost estimate for PIOP of A$726M for 25mtpa project
- Estimate includes all mine site based infrastructure and construction costs
- Flinders to investigate taking significant capital items off balance sheet
- Estimates to be further refined in Bankable Feasibility Study due by June 2015
The Directors of Flinders Mines Limited
(ASX:FMS) advise that it has an updated capital cost estimate for the Pilbara Iron Ore Project “PIOP” in Western Australia, which estimates the direct mine capital costs for a 25mtpa project at A$726m. This estimate has been developed by an independent tier one engineering firm currently working on a number of iron ore developments in Western Australia.
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