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Fully proven mine, with producing plant already running. We have produced 10,000 MT of 62% FE final product and are looking for equity investment to grow the mine.
The mineral reserve is 8m MT of magnetite Iron ore at average 30% FE. Mining operations, drilling blasting, trucking already underway. Low contaminants.
Fixed Crushing and Magnetic separation plant is installed and running at a rate of 3,000 MT of feedstock per day.
80km distance to nearest port.
Mining company is privately financed, owned and operated with zero debt. We have 150,000 MT of mined material already extracted and SGS inspection reports available.
Location and Access:
Copiapo Atacama, Chile
Full drilling and lab reports are available.