Yogi Magnetite Iron Ore

FIJV and Yogi Mine Project summary

The Yogi Mine Project, about 225 km east-north-east of Geraldton and 15 km north-east of Yalgoo in mid-west WA, is a magnetite iron ore, bounded iron formation, open pit mine. The project involves construction of a 5 Mtpa magnetite iron ore processing plant, with mining, processing and associated infrastructure. It also proposes to include a magnetite slurry pipeline to the Geraldton Port, a return water pipeline and a gas supply pipeline from the Dampier to Bunbury Natural Gas Pipeline. The Yogi Mine Project is a pit-to-port project, covering all stages from exploration and resource estimation to full construction, production and export of the product via Geraldton Port. The project is likely to include the following infrastructure:

- Mine pit

- Processing plant

- Buildings (including offices and storage)

- Maintenance workshops and stores

- Run of Mine pad

- Treated ore stockpile pad

- Mining and processing waste facilities

- Mining plant lay down area and workshops

- Fuel storage facilities

- Access roads

- Accommodation village and waste water treatment facility

- Power station

- Domestic and industrial tip

- Water bore-field and storage facilities

- Concentrate Slurry Pipeline

- Port Dewatering and Storage Facilities

The project commenced in early 2016 via the acquisition of the Yogi tenements and Foreign Investment Review Board approval. The project's current status is summarised in the following table:

Project Phase & Current Status

Project Phase Current Status
Mining-related approvals
  • The following licenses and lease have been acquired:
    * Mining Lease: M59/740, M59/637
    * Exploration License: E59/2227-1
    * General License: G59/53
    * Prospective License: P59/2133
    * Miscellaneous License: L59/156
  • FIRB have been approved for the acquisition of the 2 x mining tenements
  • FIRB has been re-granted after final share arrangements and FSTA becoming 100% owner of FIJV
Environmental Assessment Approvals
  • Environmental Impact Assessment (EIA): EPA referral has determined that the proposal be assessed at the Public Environmental Review (PER) level. FIJV has appointed GHD Pty Ltd as its environmental consulting company for obtaining EPA and EPBC approvals and is currently in the process of preparing its Environmental Scoping Document (ESD).
Native Title and Heritage
  • This project phase has not commenced.
  • FIJV will contact the YMAC in the near future to discuss the possibility of heritage surveys and an Indigenous Land Use Agreements with Native Title groups they represent.
  • Inferred JORC survey has been completed and preliminary resource estimation has been achieved (66% concentrate grade, 26% Fe recovery, 400 MT resource).
  • Geraldton Port:
    FIJV has a signed MOU with Geraldton Port for officials and has the ability of exporting Iron Ore minerals.
  • Basic Engineering and conceptual design have been completed

In July 2018, FIJV obtained approval for the Yogi Mine Project by fulfilling the criteria under the Australian Government's Lead Agency Framework. The project has thus become nominated as a strategic project in WA.

We plan to commence mine operations by 2021, and to continue sustainable production for about 21 years in accordance with Yogi's mine life.