HIGHLIGHTS
- Definitive documentation executed for the life of the mining leases, and any extension thereto for AP26 and AP27.
- NSL secures access to production expansion through additional strategically located mining leases, AP26 and AP27,
- NSL to take full control of all aspects of the mining leases in exchange for a beneficiated Run of Mine (ROM) royalty payment of circa $1/tonne.
- AP26 and AP 27 contain a significant quantity of iron ore material amenable to NSL’s beneficiation processes.
- AP26 and AP27 are located only 1.5kms and 9kms from existing plant at NSL’s stockyard.
- AP26 and AP27, with a combined 100 acres of land area represent a 300% increase in total mining lease area compared to Kuja and Mangal.
- All approvals in place, ready to operate in support of iron ore production and expansion plans.
NSL Consolidated Limited (NSL or the Company) is pleased to provide the following update relating to securing important wet beneficiation production expansion mining leases, designated AP26 and AP27, through a Run of Mine (ROM) royalty based agreement.
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