MTA-AUS 2014

CONEXPO-CON/AGG VIP SHOW GUIDE contains Floor Plans and a complete listing of companies exhibiting at the ConExpo-Con/Agg 2014 trade show in Las Vegas March 3-7, 2014. It also contains 2014 forecasts for the Aggregate, Concrete and Cement industries

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12 MINING & TECHNOLOGY AUSTRALIA 2014 | ISSUE 8 Peninsula as well as the Western Middleback Ranges (refer Table 1). Due to the extensive iron formations of the Eyre Peninsula, there is substantial exploration and assessment of iron ore resources by companies such as Centrex, Eyre Iron Pty Ltd, IronClad Mining Ltd, Iron Road Ltd, OneSteel Ltd and Lincoln Minerals. Other companies with mineral tenements and projects within the region include Lymex Ltd, Minotaur Exploration Ltd, Samphire Ltd, Archer Exploration and Terramin Australia Ltd. Data from the South Australian Government's Plan for Accelerating Exploration (PACE) program shows that in the 2011/2012 fnancial year, industry spent $503 million looking for minerals and petroleum. In the second quarter of 2012, exploration records were set for copper ($43.1 million) and iron ore ($26.7 million) exploration, with South Australia continuing to be a signifcant destination for exploration investment (www., 2012). While most of the focus is on iron ore, exploration activities indicate the potential for a range of other minerals such as graphite, kaolin, copper, gold, nickel, manganese and other base metals. Port Spencer has the potential to play a key role in the short and long term development of mineral resources on the Eyre Peninsula. Although there are no formal arrangements currently in place for other users to access the port, Centrex has said it would be open to such arrangements, including providing land tenure for the establishment of additional facilities at the port, such as storage sheds. Centrex has commenced discussions with grain exporter Free Eyre and other miners for possible transport of their products through Port Spencer. Transport challenges WHILE RESOURCE DEMAND CONTINUES TO GROW, there is increasing pressure on industry to plan for efcient transportation options, both from a carbon and energy efciency perspective, as well as reducing other transport impacts. Central to this is the development of suitable infrastructure that can facilitate cost-efective and environmentally responsible transportation options. The cost of transporting product to markets is a signifcant infuencing factor when considering the fnancial viability of a mining project. Centrex's Wilgerup hematite project has approvals in place to commence mining, and the economic viability of this project, and many after it, will be greatly infuenced by the development of Port Spencer. The two major existing export ports on the Eyre Peninsula are Port Thevenard and Port Lincoln. Both face limitations in terms of their ability to meet a wide cross-section of industry and community needs. Port Lincoln, as a major fshing town, currently supports some export options, including grain. In 2010, Centrex obtained development approval to ship hematite from its Wilgerup operation, located near Lock in the north, through Port Lincoln. Despite receiving approval, the export of minerals through Port Lincoln is largely unsupported by the community. Table 1: Centrex Iron Ore Projects (Source: Centrex, 2012) Project Name Ownership Structure Location Iron Ore Type Project Status Wilgerup 100% Centrex Approximately 22km south-east of Lock Hematite Mining lease approval secured August 2011 Bungalow Joint Venture: Currently 70% Centrex and 30% Baogang (with the potential for Baogang to earn up to 50% interest) Approximately 12km north of Cowell Magnetite Exploration Feasibility studies Environmental studies Project Fusion Joint Venture: 40% Centrex and 60% WISCO Approximately 45km from Port Spencer and inland from Tumby Bay Magnetite Exploration Feasibility studies Environmental studies UPFRONT

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