Nevada Iron Limited
ASX : NVI
TSX : NVR

Nevada Iron Limited

October 30, 2015 07:30 ET

Nevada Iron Files Quarterly Report and Appendix 5B for Period Ending 30 September 2015

PERTH, WESTERN AUSTRALIA--(Marketwired - Oct. 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), an Australian based resource company focused on the development of the Buena Vista Iron Project, which is located in Nevada in the United States.

HIGHLIGHTS

  • Water Pollution Control Permit received July 7, 2015, the final of the three major permits required.
  • Air Pollution Control Permit received April 3, 2015.
  • Application to locate the rail loading facilities on Bureau of Reclamation lands submitted.
  • Bureau of Land Management is processing the plan of development for the power line Right-of-Way submitted in February 2015.
  • During and subsequent to the quarter, the Company issued 18.8 million shares to raise $940,000 and issued 15.2 million shares to satisfy various debts.
  • The Company continues to evaluate mineral opportunities in the Americas.

OVERVIEW

  • 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, eg a rail line
  • Access to multiple existing ports
  • Manageable capital cost
  • Stable and mining friendly jurisdiction
  • Favourable climate for construction and operations
  • No government royalty imposts
  • Permitting almost complete
  • Phase 1 project on private land, which made permitting less onerous

To view the full announcements, please click the link below:

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

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