Shareholders of Ferrowest Limited will be voting on a proposed restructure of the business of the company from "Mineral Exploration" to "Property and Infrastructure Development" at a General Meeting to be held on 30 November 2015.
The Yogi Mine Project (Currently for sale for A$750,000)
Located in the Mid West Region of Western Australia, 233Km from the coast, this project aims to mine magnetite iron ore and concentrate it on the mine site to produce 67%Fe magnetite concentrate at a rate of 4.5 million metric tonnes per annum. This project is has excellent access to existing infrastructure including natural gas, water, sealed highway, existing port and rail infrastructure potential.
There is currently a 572.5Mt Inferred Resource of magnetite at 27.5%Fe at Yogi.
The company's Yogi Mine Project is currently up for outright sale for AUD$750,000. Any interested potential buyer should contact the company.