Nevada Iron File Quarterly Report and Appendix 5B for Period Ending 31 March 2015
PERTH, WESTERN AUSTRALIA--(Marketwired - April 30, 2015) -
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Nevada Iron Ltd. (the Company) (ASX:NVI)(TSX:NVR) is pleased to advised that the following reports were filed with the ASX today;
- Appendix 5B mining exploration entity quarterly report for period ending 31 March 2015
- Quarterly Report for period ending 31 March 2015,
Highlights
- Water Pollution Control Permit Application deemed administratively complete and under technical review. Receipt of permit delayed to 2nd Quarter 2015.
- Air Pollution Control Permit received April 3, 2015.
- Reclamation Permit received March 4, 2015.
- Application to locate the rail loading facilities on Bureau of Reclamation lands submitted.
- Plan of Development for the power line Right-of-Way submitted in February 2015.
- Signed rail transport agreement with the Union Pacific Railroad, a leading rail transportation company, on Feb 11, 2015.
- Completed an equity raise in March of 2015, raising US$420,000 at a price of US21.5c/share.
Overview
Nevada Iron Ltd. (ASX:NVI)(TSX:NVR) is a resource company focused on the development of the Buena Vista Iron Project located in northern Nevada, USA. This project demonstrates the attributes for a successful iron ore development, namely:
- Near surface resource
- Very low waste to ore ratio (<0.5:1)
- Easy metallurgy with a coarse grind producing a high grade (67.5-69% Fe) clean concentrate
- Close to existing nearby transport infrastructure and no requirement to build significant infrastructure, e.g. a rail line
- Access to multiple existing ports
- Manageable capital cost
- Stable and mining friendly jurisdiction
- Favourable climate for construction and operations
- No government royalty imposts
- Permitting almost complete
- Phase 1 project on private land, making permitting less onerous
To view the full announcements, please click the link below:
Link: http://www.nv-iron.com/2011-08-15-01-49-08/asx-releases
Contact
Nevada Iron Ltd.
Michelle McAuliffe
+61(8) 9481 6006
michelle.mcauliffe@nv-iron.com
http://www.nv-iron.com/