Brazil-focused Centaurus Metals will re-assess the development options at its Jambreiro iron-ore project, which is fully permitted and licensed for a three-million tonne a year production.
Centaurus on Thursday said that it would update the Jambreiro feasibility study on the back of a number of changes and marked improvements in the iron-ore market, which includes higher prices for the premium 62% iron ore, the lower availability of high-grade iron ore in the Brazilian domestic market, and greater access to open-access ports, logistics and infrastructure compared with 2013, when the initial feasibility study was undertaken.