ASX-listed Kogi Iron has confirmed the technical and economic viability of its Agbaja iron-ore and steel project, in Nigeria, following the conclusion of a feasibility study.
In addition to the positive and robust results, the study enabled an opportunity to further refine and optimise the production process before committing to any major-scale production plants.
A definitive feasibility study would be completed upon the finalisation of the environmental, financing, technical design and budgeting aspects, with a report-back to shareholders expected within months.
“We are delighted to have concluded our study and will now move quickly to progress negotiations with a wide range of parties who can assist Kogi in its work to deliver this project for its shareholders,” the company said in a statement on Wednesday.
Kogi intended to fund the project through international institutions.
Subject to final feasibility and financing, Kogi intended to engage a mining contractor for site development, overburden and waste removal, openpit mining, haulage and ore feed to a primary crusher.
Credit: MiningWeekly
