BC Iron Limited
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BC Iron Limited ASX Price
Contact Details
Address: Unit 8, 8 Clive Street
West Perth, WA, 6005
Postal: GPO Box 2811
Perth, WA, 6001
Australia
Phone: +61 (0)8 9324 3200
Fax: +61 (0)8 9324 3111
ACN: 120 646 924
ASX: BCI
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Welcome to BC Iron E-mail


BC Iron - The Time, The Place, The Metal

The TIME
  • A new “Iron Age”  driven by Asian demand for iron ore
  • Scoping Study on 3-5Mtpa start-up operation at Bonnie Creek due for completion in June Quarter
  • Fully funded resource definition & feasibility program

The PLACE

  • World-class Pilbara iron ore province
  • Strategically located close to accessible infrastructure
  • MoU with Fortescue Metals to provide bulk transport and export shipping  from Port Hedland

The METAL
  • Maiden high-grade (DSO) JORC resource estimate of 28Mt @ 57.4% Fe
  • Iron ore comprises outcropping low impurity ore with very  low stripping ratios ~ low mining costs
  • Increased DSO resources expected in the coming year with further drilling

BC Iron Limited (ASX: BCI) is an iron ore exploration and development company focused on Western Australia’s world class Pilbara region. The company was formed by combining the iron ore interests of Alkane Exploration Ltd and Consolidated Minerals Ltd – which are now both major shareholders in BC Iron.

BC Iron’s core asset is a 100% interest in the Nullagine Iron Ore Project, an extensive tenement portfolio strategically located north east of Fortescue Metals’ Cloud Break operation.

Significantly, the Company recently announced its maiden Resource Estimate of 28 Mt @ 57.4% Fe just 15 months after listing. The resources occur at surface resulting in potentially low stripping ratios and are very low in contaminants

The Nullagine Project is proximal to the open access railway line currently under development by Fortescue between Chichester and its dedicated iron ore berths at Port Hedland, 260km to the north west. BC iron has entered into an MOU with Fortescue facilitating negotiation over bulk transport for its material, including potential Joint Venture or mine gate sale options.

BC Iron has also commenced a Scoping Study to examine a potential start-up operation at the Bonnie Creek CID Project at a nominal production rate of 3-5 Mtpa of DSO. The Study will focus on these deposits as part of the Company’s stated objective of generating rapid cash flows by bringing the Nullagine Project into production as early as possible.

A capital raising of $9.18 M was completed in November 2007, through the issue of 5.4m fully paid ordinary shares to sophisticated and professional investors. Funds raised will be applied to the continuing exploration and development of the Nullagine Project.
The Company’s Directors possess a wide range of technical and corporate skills including a strong background in the exploration, economic assessment, and iron ore development and mining. Importantly, the Board also has experience in exploration and assessment of CID mineralisation.
 
Home
ASX Announcements
16 May 2008
pdf North West Iron Ore Alliance Welcomes Diversification Of Australian Iron Oremining 166.51 Kb
 
6 May 2008
pdf Sydney Resources Roundup Presentation 2.47 Mb
 
21 April 2008

pdf BC Iron Joins Forces With North West Iron Ore (180.35 Kb)

pdf MD Explains Nullagine Maiden Resource Estimate (68.75 Kb)

 
Latest Reports
30 April 2008
pdf Quarterly Activities Report
 
28 April 2008
pdf Appendix 5B - March 2008 Quarterly Report
 
BC Iron Annual Reports 2007

pdf BC Iron - Annual Report 2007 4.19 Mb

pdf BC Iron - Notice of Meeting

 
Latest News
15 May 2008
pdf The Adelaide Advertiser
 
6 May 2008
pdf North West Iron Ore Alliance 976.82 Kb
 
30 April 2008
pdf Iron Ore Alliance Forged
 
22 April 2008
pdf Alliance backs Pilbara iron ore juniors
 
Company Presentations

Download our New Company Presentation from the following link:

pdf RIU Explorers Conference Presentation
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