Nevada Iron Limited
ASX : NVI
TSX : NVR

Nevada Iron Limited

January 30, 2015 08:37 ET

Nevada Iron File Quarterly Report Period Ending 31 December 2014

PERTH, WESTERN AUSTRALIA--(Marketwired - Jan. 30, 2015) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

Nevada Iron Ltd (the Company) (ASX:NVI)(TSX:NVR) is pleased to provide the following quarterly report for the period ending 31 December 2014

Highlights

  • Water Pollution Control Permit Application deemed administratively complete and under technical review. Receipt of permit expected 1st Quarter 2015.

  • Air Pollution Control Permit Application deemed administratively complete and under technical review. Public comment period complete. Receipt of permit expected 1st Quarter 2015.

  • Reclamation Permit Application submitted. Receipt of permit expected 1st Quarter 2015.

  • Application to locate the rail loading facilities on Bureau of Reclamation lands submitted. Kick-off anticipated 1st Quarter 2015.

  • Work continues on permitting of the powerline to supply the mine site.

  • Agreement with a leading rail transportation company in final form, execution expected in early 2015.

  • Highly experienced US based CFO for US subsidiaries hired

Overview

Nevada Iron Ltd (ASX Code: NVI, TSX Code: NVR) is a resource company focused on the development of the Buena Vista Iron Project located in northern Nevada, USA. This project demonstrates the attributes for a successful iron ore development, namely:

  • Near surface resource
  • Very low waste to ore ratio (<0.5:1)
  • Easy metallurgy with a coarse grind producing a high grade (67.5-69% Fe) clean concentrate
  • Close to existing nearby transport infrastructure and no requirement to build significant infrastructure, e.g. a rail line
  • Access to multiple existing ports
  • Manageable capital cost
  • Stable and mining friendly jurisdiction
  • No government royalty imposts
  • Phase 1 project on private land, making permitting less onerous

To view the full announcement please click the link below:

Link: http://www.nv-iron.com/2011-08-15-01-49-08/asx-releases

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