Mindax is actively exploring a regional infrastructure
concept centred around its exciting Mt Forrest project, and other surrounding
or neighbouring projects. The vision involves building large-scale shared
infrastructure that facilitates the cost-effective transportation of magnetite
iron ore from the Mid-West Region of Western Australia to ports for export. This
would create an exciting opportunity for Mindax to advance the development of its
flagship Mt Forrest project for the benefit of all shareholders. Moreover, it
is pivotal in unlocking the value of iron ore assets in the Mid-West region of
Western Australia, cementing a positive legacy and offering enduring economic
benefits to the State.
On 9 November 2022, Mindax entered into a binding Heads of
Agreement (HOA) with AGI Operations Pty Ltd (a company within the Australian
Gas Infrastructure Group of companies) (AGIG). This strategic collaboration was
established to conduct comprehensive studies assessing the commercial
viability of the Mid-West Shared Infrastructure Project (MWSIP). Central to the
Pre-Feasibility Study (PFS) is the evaluation of the feasibility and cost structures
associated with the development of a robust transportation system. This system will
allow Mindax, and potentially a number of other mining and resources companies
in the Mid-West, to transport magnetite ore to port for loading onto ships for
export.
The required infrastructure
comprises a magnetite slurry pipeline, separate pipelines for gas and
water, power generation and transmission systems, and end-of-line facilities. The development plan also includes critical port and marine infrastructure to facilitate for the storage and loading of magnetite. Within the scope of the PFS, there is also provision for a
desalination plant, which is a crucial addition aimed at ensuring a sustainable
adequate supply of water is available at the mining site, which underscores the
project's commitment to environmental management and operational
sustainability.
To
ensure the precision and industry-specific insight required for such pivotal
studies, Mindax and AGIG have secured the expertise of global engineering firm,
Verbrec. Known for its leading role and specialised expertise in the
development of pipelines, hydro-transport and various infrastructure projects,
Verbrec is tasked with compiling both the Scoping Study and the PFS. This
collaboration underscores the commitment to in-depth analysis and strategic
planning in laying the groundwork for the project's success.