IronClad Mining (ASX: IFE) was established to accelerate the development of the exciting Wilcherry Hill iron ore deposits located 40 kilometres north of Kimba on South Australia’s Eyre Peninsula.
The Wilcherry deposits contain coarse crystalline magnetite and low silica contents which enable low cost and efficient production of concentrates containing over 70% Fe with very low impurity levels. Mine start-up is scheduled for early 2012.
IronClad (ASX:IFE) Chairman, Ian Finch, tells Proactive Investors that while its Wilcherry Hill project has a potential 5-600 million tons of high quality iron ore Hercules has upside potential of 2 BILLION tons of iron ore. The target is to start mining in January 2012. This date is only possible because of the existing infrastructure.Register here to be notified of future IronClad Mining articles.
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