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Mayoko-Moussondji Iron Ore Project

In April 2014 ORELOGY was commissioned by Equatorial Resources Ltd to undertake the mining engineering components of the Pre-Feasibility Study for their Mayoko-Moussondji Iron Ore Project. The Pre-Feasibility Study has built on the operation defined in the 2013 Scoping Study and has identified potential for an increased production rate to 2.5 million tonne per annum, a reduction in operating costs to below $40 per tonne, and reduced capital intensity to $72 per capacity tonne. The project has important advantages including the potential for a high quality product, competitive operational costs, and a short timeframe to production based on access to existing rail and port infrastructure. The study also investigated the opportunity to reduce the project’s capital requirements through the use of leasing and build own operate contracting solutions.