Our projects

title

FIJV is active in the magnetite iron ore sector in Western Australia. We are progressing the development of the proposed Yogi Magnetite Mine Project in the Yalgoo area of the mid-west region. The project includes constructing and operating the Yogi mine, located approximately 15 km northeast of Yalgoo and 225 km east-northeast of Geraldton, in Western Australia.



The Yogi mine was acquired from Ferrowest in early 2017, whilst the Yalgoo mine was acquired in 2019 by FIJV from Venus Metals Corporation.

The Yogi Magnetite Project is one of the few iron ore projects in recent years that has been afforded with Lead Agency status from the Department of Jobs, Tourism, Science, and Innovation, recognising it as a strategic project for Western Australia.

The ore body is a known magnetite resource, containing approximately 30% total iron. The project involves open cut mining with construction of an iron ore processing plant, and associated infrastructure, to produce a magnetite concentrate.

A slurry pipeline from the processing plant will transport the magnetite concentrate to Geraldton Port for shipment, while the resulting water will be returned to the mine sites through a return water pipeline to be re-used in the process. The development is a pit­to-port project covering all stages from exploration and resource estimation through to full construction, production and export of the final concentrate product via Geraldton Port.

The construction and operation of the mine pits and concentrate plant may also include associated infrastructure including accommodation, access roads and storage facilities. A gas pipeline may supply natural gas to the operations from the existing gas pipeline network.

Project timeline

With the project currently in the planning stages, the work we have in progress includes definition and detailed design through to a feasibility study, environmental assessment and approvals, land access negotiations and tenure agreements. The project's current status is summarised in the table below.

Following the successful completion of these planning studies, and with the required agreements and approvals in place, we will work towards the commencement of construction in 2022, with the intention of producing the first magnetite concentrate from the Yogi mine by 2024.

The construction of the mine sites and concentrate plant, with an ultimate capacity of 12.5 million tonnes per annum (MTPA), is planned to occur in three phases:

  • Phase 1: Yogi mine development and construction of a 5 MTPA concentrate plant, with an anticipated completion date 2024;

  • Phase 2: Yalgoo mine development and construction of a 5 MTPA concentrate plant during the first year of Yogi’s concentrate plant operation in 2025;

  • Phase 3: Yalgoo mine development and construction of a 2.5 MTPA concentrate plant during the second year of Yogi’s concentrate plant operation in 2026.

Through the implementation of the project, there will be opportunities for employment and training in the local community, royalties and taxation payments from the sale of iron ore, and support for the development of associated industries in Western Australia.

Environmental assessment and approval

In particular, the process of seeking environmental approval for the project has been a key focus for FIJV. We have undertaken a series of technical studies and investigations of the environmental impacts of the project, which have been documented in an Environmental Review Document (ERD). The ERD supports the assessment of the proposal by the Western Australian Environmental Protection Authority (EPA).

The ERD details the potential environmental impacts, their assessment and the proposed management measures, including minimisation, avoidance and rehabilitation strategies. For each environmental factor, the ERD also includes an assessment of the residual impact following implementation of the management measures, and the predicted environmental outcomes.

The detailed assessment of each of these environmental factors indicates that the Yogi project is considered to meet the EPA’s objectives, with no significant residual impacts.

With approval from the EPA, the ERD is now available for public review for a period of six weeks, commencing 15 April 2020.

The document is available below or via the EPA website: www.epa.wa.gov.au.

Electronic or hard copies can also be made available by contacting FIJV:

The EPA prefers submission to be made electronically via the EPA’s Consultation Hub at https://consultation.epa.wa.gov.au.

Alternatively, submission can be:

  • posted to: Chairman, Environmental Protection Authority, Locked Bag 10, Joondalup DC, WA 6919; or

  • delivered to: Environmental Protection Authority, Prime House, 8 Davidson Terrace, Joondalup, Western Australia 6027.

If you have any questions on how to make a submission, please contact EPA Services, Department of Water and Environmental Regulation on 6364 7000.

The closing date for public submissions is: 28 May 2020.

The ERD is available now and can be downloaded from here.