ASX-listed developer Iron Road has reduced the operating cost expectations of its planned Central Eyre iron project, in South Australia, on the back of market repricing.
An October optimisation study resulted in a reduction in the expected life-of-mine free-on-board (FOB) costs from the $44.33/t estimated in the 2013 definitive feasibility study (DFS), to $37.72/t, while total capital expenditure increased from the 2013 estimate of $3.98-billion to $4.01-billion.
