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Australia
Iron Bridge Project

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 Location:
109 km SE from Port Hedland, Western Australia, Australia

  Project Contacts:
Level 2 87 Adelaide Terrace
East Perth
Western Australia, Australia
6004
Phone  ...  Subscription required
Fax+61-8-6218-8880
WebsiteWeb
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  • Overview
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  • Geology
  • Mining
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  • Reserves
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Overview

StageConstruction
Mine TypeOpen Pit
Commodities
  • Iron Ore
Mining Method
  • Truck & Shovel / Loader
Production Start...
Mine Life20 years (as of Jan 1, 2019)
Iron Bridge incorporates the world class North Star and Glacier Valley Magnetite ore bodies and represents one of the few large scale iron ore growth projects under construction globally.


Owners

Source: p. 28
CompanyInterestOwnershipInvestor's Info
Baosteel Resources (International) Co., Ltd. 8.28 % Indirect
Formosa Steel IB (Pty) Ltd 31 % Indirect
Fortescue Metals Group Ltd. 60.72 % Indirect
Ownership Tree
The Iron Bridge Magnetite project is an Unincorporated Joint Venture between FMG Magnetite Pty Ltd (69 per cent), and Formosa Steel IB Pty Ltd (31 per cent).

FMG Magnetite Pty Ltd is a subsidiary of FMG Iron Bridge Ltd, which is owned by Fortescue (88 per cent) and Baosteel Resources International Company Limited (12 per cent).

Contractors

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Deposit Type

  • Banded iron formation


Summary:

The Iron Bridge mineralisation lies within the Pincunah Member of the Soanesville Group, which is part of the Pilbara Super Group in the East Pilbara Terrane.

Regionally the rock sequence is dominated by mafic to andesitic volcanics and volcaniclastics, BIF’s and terrigenous clastic sequences intruded by Archaean granitoids. In the project area the rocks have been tightly folded, having a general strike of north-south with a steep sub-vertical dip.

The Pincunah Member forms an overturned north-south striking ridge through the North Star area of the deposit, dipping steeply to the west. Several vertical faults have been interpreted to rotate the Pincunah Member to north-west, parallel to the Mount Yule Granite complex in the north-west region of the project area.

Iron mineralisation at Iron Bridge occurs primarily within the Pincunah Member which outcrops across the entire project tenement. It is often masked by cemented caps of ferruginous weathered BIF, silcrete and detritus. A surficial weathered zone forms in upper (20–60 m) horizons dominated by maghemite and kenomagnetite, hematite and goethite after magnetite.

The hanging wall of the Pincunah Member is the Kangaroo Caves Formation and is composed of BIF bands interlayered with laminated, micro to mesobanded shales and chert. BIF units are up to 15 m in thickness and occur most commonly immediately adjacent to the Pincunah Member contact, while the remainder of the formation ........


Mining Methods

  • Truck & Shovel / Loader


Summary:

FMG Iron Bridge (Aust) Ltd. proposes to mine using conventional open pit mining methods which consist of drill and blast followed by load and haul. The North Star Extension indicative pit footprint will include two pits; Glacier Valley North (GVN) and Glacier Valley South (GVS), with an estimated maximum pit depth of ~370 m.

Magnetite concentrate product will be transported through a slurry pipeline between Iron Bridge and Port Hedland.

The ore bodies planned to be mined are bulk deposits and while some ore loss and dilution may occur along the edges, this edge dilution is accounted for in the regularisation process.

Ore mined from the designated pits will be either fed directly to the Proposed Amendment crusher hoppers for the Ore Processing Facility (OPF) or stockpiled on the run-of-mine (ROM) pads, or other long-term stockpiles.

Ore stockpiles and waste dumps are located to the east and west of the mine and make use of natural valleys to store the life of mine (LOM) volumes.


Crushing and Grinding
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Processing

Flow Sheet: Subscription required

Summary:

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Projected Production:

CommodityUnitsAvg. Annual
Iron Ore kt 20,000
All production numbers are expressed as concentrate.

Operational Metrics:

Metrics
Stripping / waste ratio 0.6 *
Annual processing rate 67 dmt *
Annual ore mining rate 67 dmt *
* According to 2019 study.

Reserves at June 30, 2022:
All magnetite Mineral Resources are reported above a 9% mass recovery cut-off.
Magnetite Ore reserves are based on Mass Recovery expressed as a 17 per cent Davis Tube Recovery (DTR) cut-off.

CategoryTonnage CommodityGrade
Probable 844 Mt Iron (magnetite) 67.3 %
Measured 314 Mt Iron (magnetite) 31.9 %
Indicated 1,037 Mt Iron (magnetite) 31 %
Inferred 4,833 Mt Iron (magnetite) 30.4 %
Total Resource 6,184 Mt Iron (magnetite) 30.6 %

Commodity Production Costs:

CommodityUnitsAverage
All-in sustaining costs (AISC) Iron Ore USD  ......  Subscription required&nbs
C1 cash costs Iron Ore USD  ......  Subscription required&nbs
Assumed price Iron Ore USD  ......  Subscription required&nbs
* According to 2019 study / presentation. US$45-55/dmt


Pipelines
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Heavy Mobile Equipment:

Mine Management:

Job TitleNamePhoneProfileRef. Date
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Subscription required - Subscription is required.

Staff:

EmployeesYear
Subscription required 2019

Corporate Filings & Presentations:

DocumentYear
Annual Report 2022
Corporate Presentation 2022
Environmental Assessment 2022
Year-end Mineral Reserves 2022
................................... Subscription required 2021
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................................... Subscription required 2019
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Environmental Assessment 2015
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