Iberian Minerals - Developing Mineral Assets in Spain    

Iberian Minerals aims to re-establish a premium grade iron ore mine in South Eastern Spain to supply the European Market.

European countries produced an aggregate of approximately 38Mt of iron ore in 2013, importing 135 Mt during this same period. The Directors believe there is a significant opportunity for a new European iron ore producer to meet this demand and is currently developing the Cehegín Iron Ore Project in Spain.

  • Iberian Minerals’ flagship Cehegín Iron Ore Project produced 4mt of ore between 1975 and 1989.
  • Reports indicate the Cehegín Iron Ore Project previously produced a magnetite concentrate of 65% Fe – which would sell at a premium in today’s market
  • Analysis of the historical exploration data at Cehegín suggests the realised tonnage of magnetite mineralisation could reasonably be expected to be in the range of 25Mt to 30 Mt*
  • A Joint Venture Agreement is in place with Glencore as an equity partner to develop the Cehegín Iron Ore Project

Presentation

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 *The potential quantity and grade is conceptual in nature and there has been isufficient exploration to define a mineral resource. It is uncertain whether further exploration will result in the target zones being delineated as a mineral resource.






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