Bungaroo South iron ore project

Australia / Western Australia / Karratha /
 iron ore deposit  Add category
 Upload a photo
Bungaroo South Project is a great iron ore mine project to follow.
BCI agreed to sell Bungaroo South to Mineral Resources Limited (ASX:MIN) in March 2020. Deferred consideration of A$14M is payable to BCI upon certain project milestones being achieved. BCI is also entitled to a 1% FOB revenue royalty on iron ore mined from Bungaroo South.

At the time of sale to MIN, Bungaroo South had Ore Reserves of 134Mt at 57.6% Fe. MIN is planning to develop Bungaroo South as part of its Ashburton Hub.

www.asx.com.au/asxpdf/20121107/pdf/42b1nxd7llq711.pdf
www.bciron.com.au/our-assets/buckland.html
Nearby cities:
Coordinates:   21°58'29"S   116°29'7"E
This article was last modified 11 months ago