ASX-listed Mineral Resources (Minres) on Wednesday said that it was finalising an operating plan for its Yilgarn iron-ore business, in Western Australia, after confirming a mineral resource of 108.6-million tonnes, grading 56.8% iron.
The company told shareholders that the operating plan would underpin a long-life, steady state operation of some 11-million tonnes a year, a rate achieved by previous owner Cleveland-Cliffs.