Summary
PIOP represents an excellent low cost mining opportunity
- The PIOP is a low cost mid-size iron ore development located in the Pilbara region,WA
- The project is expected to produce at a rate of 25Mtpa with a product grade >58.5% Fe
- Flinders has signed an Alliance Agreement with the Balla Balla JV for transport of its ore via rail and a transhipment port at Balla Balla
- A Feasibility study is underway and is expected to be completed by the end of June 2015
- Once the Feasibility study is completed, Flinders will make an independent Final Investment Decision whether to proceed with the project
- If a positive FID is achieved and financing is available, production is expected to commence in late 2017 / early 2018.
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