At 1.6 million tonnes (@57% Fe with low impurities) Riley is a relatively small deposit. Its location at surface (and therefore zero strip ratio) and location, less than 2km from a sealed road providing access to the north to port facilities at Burnie, makes it an attractive proposition in the current iron ore price environment.

The total road distance to the Port of Burnie is 120 kilometres.

Construction of the mine’s processing plant is nearing completion and commissioning is underway.

The project will employ ~100 people during the construction, operational and rehabilitation phases of the Project.

The proposed length of the Project is two years (800,000 tonnes per annum). Any upside to the mine life of the Riley Project is dependent on the performance of the wet screening plant.

The ore is a hematite rich pisolitic and cemented laterite.

Key project details

  • The ore at the Riley deposit is at surface and there is no strip ratio.
  • The ore is free dig and will extracted by excavator in a series of sequential mining panels.
  • Mined ore will be hauled to the Run of Mine (ROM) stockpile for crushing and wet screening.
  • The depth of excavation is expected to average just 1.5 metres, with some pockets up to 4m, so a conventional open pit design is not required.
  • 90% of original equipment purchased is still on hand.
  • Infrastructure for the Riley Project will consist of:
    • Surface mine
    • Crushing and wet screening plant
    • Stockpile areas
    • Lay down yard, workshops and offices
    • Road network access

Resources Statement

Riley DSO Project Tasmania

ResourceTonnesFe(%)Fe(%) CalcinedSIO2(%)A12O2(%)P(%)S(%)Cr(%)I.0I(%)
Indicated2.0Mt57613.72.60.030.082.87.7

ResERVE Statement

Riley DSO Project Tasmania

ResourceTonnesFe(%)Fe(%) CalcinedSIO2(%)A12O2(%)P(%)S(%)I.0I(%)
Indicated2.0Mt57613.72.60.030.087.7