Overview
The primary focus of Ferrowest Limited is the proposed Yalgoo Iron Project. This Project aims to investigate, and if feasible, develop a 1,000,000 tonnes per annum merchant pig iron ("MPI") production facility in the mid west of Western Australia.
The business plan envisages:
- the open cut mining of magnetite from the Yogi iron mineralisation located 233km from the Port of Geraldton;
- beneficiation of the magnetite ore to produce magnetite iron concentrate; and
- conversion of that concentrate into 1,000,000 tonnes per annum of value added MPI product using the ITmk3(R) process.
The Yalgoo Iron Project has solid project fundamentals, combining:
- Location - Proximity to a port and relatively short shipping distances to Asia;
- Infrastructure - Existing key infrastructure;
- Proposed Process - Leading edge merchant pig iron making technology;
- Proposed Product - High grade, high 'value in use' merchant pig iron;
- Proposed Markets - Proximity to growing markets for alternate sources of iron;
- Potential Project Lifespan - A large potential magnetite iron mineralisation; and
- People - An experienced, multi-disciplined team.
Company Background
Ferrowest Limited was formed in 2005 by a small group of resource project specialists who saw an opportunity to add value to a potentially large magnetite mineralisation, called Yogi, serviced by excellent existing infrastructure. Their aim is to produce merchant pig iron for export into the 'alternative' iron market where world steel production growth has resulted in a shortfall of scrap and alternative iron feed stock for the growing electric arc furnace steel making industry.
