Centaurus Targets 2013 Startup for Jambreiro Iron Ore Project
Domestic Brazilian steel mills are the primary target market for Jambreiro pro-duction. Initial pilot-scale test work on Jambreiro ore has produced a high-grade sinter feed product grading 65.6% iron with low impurities—2.8% silica and 0.01% phosphorus. The work confirmed the effectiveness of a robust, simple, low-cost, two-stage magnetic separation pro-cessing route that allows production of a range of product qualities to suit different customer needs, including a high-grade, low-impurity product that meets the sinter feed blend requirements of traditional steel mills.
Current estimated JORC-compliant resources at Jambreiro stand at 116.5 mil-lion mt measured, indicated, and inferred, grading 26.8% iron. A new resources esti-mate is scheduled for the end of May 2012 as part of a bankable feasibility study that is currently in progress. The new estimate will focus primarily on upgrading the respective categories of the resources, rather than on increasing the overall tonnage.
A diamond drill rig has been mobilized to the Jambreiro project to start a geotech-nical drill program required by the feasibility study.