Carpentaria Resources Limited (ASX:CAP)

Mining

Carpentaria Resources Limited (ASX: CAP) is a mining company that focuses on supplying iron concentrates to the high end of the iron ore market. The company now owns a majority stake in the flagship Hawsons Iron Project and additional magnetite holdings in the Braemar Iron Province. They satisfy steelmakers' desire for higher grades that can reduce pollution while also enhancing efficiency.

Furthermore, Hawsons situated 60 kilometres southwest of Silver City, allowing access to construct the road, rail, electricity, and port infrastructure in an area with a proud and extensive mining history, as well as a city with decades of competent mining employees.

Hawsons can yield the best iron product in the world (70% Fe), according to pre-feasibility study results (ASX statement 28 July 2017), making it the world's top undeveloped elevated iron ore concentrate and pellet feed project. The study also estimates a net present value (NPV) of US$1.1 billion and a 30% equity internal rate of return. Following the positive results of the pre-feasibility study in 2017, Carpentaria is now concerned with getting a mining lease, developing a bankable feasibility study, and starting production around the beginning of the century.

Independent experts have also estimated that the Hawsons Iron Project will have cost competitiveness in the first quartile of the worldwide iron ore cost curve, thanks to Hawsons' distinctive soft ore.

Leading international traders and steelmakers, including China's Shagang International; Emirates Steel, Bahrain Steel, and Kuwait Steel from the Middle East; Taiwan's Formosa Plastics; trading house Gunvor Group and Japan's Mitsubishi Corporation RtM Japan Ltd; have already oversubscribed the initial planned production of 10 million tonnes per annum (Mtpa); total MOUs comprise 12 Mtpa (120%).

Hawsons is ideally positioned to obtain premium prices for their high-quality product, with the fundamental shift broadening in the iron ore market between lower and higher-grade ores. The firm that achieves the project successfully rewards shareholders while also bringing investment and jobs to Australia and Broken Hill.

Contact Information

company address Level 20/300 Queen St Brisbane City QLD 4000, Australia

company phone+61 7 3220 2022

company email[email protected]

company websitehttp://www.carpentariares.com.au

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