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NSL Consolidated begins full commissioning process of iron ore plant

Published: 15:30 01 Dec 2016 AEDT

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NSL Consolidated begins full commissioning process of iron ore plant

The company has commissioned basic components with full load, beneficiating up to 58.5% iron, utilising very low grade feed.

The low grade beneficiation result provides further confidence in the process being able to achieve its desired high grade premium product grading between 58-62% iron.

The low grade iron ore will be progressively fed through the complete plant in the coming week to produce the high grade product.

Phase two is a wet beneficiation process, allowing NSL to produce around 200,000 tonnes of iron ore product per annum.

The company has already negotiated an offtake agreement for phase two’s product with the US$9 billion Indian global conglomerate, JSW Steel.

NSL is the only Australian or foreign company to own and operate in India’s massive iron ore market, and has an established dry processing plant operation for iron ore product at Kurnool.

The plant is serviced by two of its local mines nearby, Kuja and Mangal. These mines will also provide the feedstock for the phase two wet beneficiation plant.

NSL’s shares have more than doubled during the past three months, last trading at $0.041.

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