Western Plains Resources Limited (WPG) Commencement of tendering process for development of Peculiar Knob mine
Media release 11 February 2010
Western Plains Resources Limited (ASX:WPG) today announced that it has
commenced the tendering process for the development of the Company?s flagship
Peculiar Knob DSO iron ore mine south of Coober Pedy in South Australia.
The Company intends to begin exporting its marketable products at an initial rate of
not less than 2 million tonnes per annum in H2 2011. Tonnages will be finalised
once train capacity to the selected port has been settled.
WPG has entered into an MOU agreement with Flinders Ports Pty Ltd for the
provision of port services at either Port Adelaide or Port Pirie. Flinders Ports and
WPG are working together on a port study program that will be finished in Q2 2010
and once that study is completed and subject to its results the most appropriate port
of those available will be identified. Port access agreements will then be negotiated.
The tendering process has commenced with requests for proposals from logistics
operators. Rail haulage and, if Port Pirie is chosen, transhipment operations are the
focus of the current initiatives.
This process will be followed by similar requests for proposals from mining
contractors, road haulage and crusher operators, and service providers, together
with construction contractors and camp builders, once mining rates have been
finalised.
WPG intends to commit to project development early in H2 2010.
For further information
Martin Jacobsen, Western Plains Resources Chief Operating Officer
(02) 9251 1044 or 0414 340 630
Heath Roberts, Executive Director and General Counsel
(02) 9247 7359 or 0419 473 925
Doug Macdonald
0424 255 959
Capital Group
Level 5, 55 Harrington St
The Rocks Sydney 2000
02 9252 3900