IronClad Mining’s tenements in South Australia are collectively known as the Wilcherry Hill Project and are located 30km north of the township of Kimba. The Wilcherry Hill Project comprises of four tenements and covers an area of 976 square kilometres. The tenements are EL4162-Wilcherry Hill, EL4286-Valley Dam, EL4421-Peterlumbo, EL3981-Eurilla Dam.
The area is comprised of natural bush which is confined to low density sheep grazing on the station holdings of Nonning and Buckleboo. Access into the Project area is gained via the sealed Eyre Highway (National Highway 1) which passes through Kimba and then via graded service roads and pastoral station tracks.
- JORC compliant Mineral Resource of 24.3Mt @ 40.0%Fe
- Identification of excellent exploration potential for near surface iron mineralisation from regional geophysical data and exploration
- Identification of a potentially viable scenario to become a producer in 2014 pending granting of all remaining regulatory approvals and obtaining project funding
- Completion of environmental, water supply, mining, port and infrastructure studies designed to assist in obtaining final regulatory approvals to mine
- Trial of the proposed transhipping system successfully conducted offshore from Port Adelaide
- Construction of the mine village at the township of Kimba
Feasibility study identifies preferred strategy of establishing mining operation in stages, with the first stage being a low cost Direct Shipping Ore operation followed by beneficiation stages to produce magnetite concentrate.