Project
Blacksmith
The Blacksmith Project is located about 70-km north-west of Tom Price and 234km South-West of Port Hedland.
Project Data
Location
Australia
Product
Hematite and Goethite
Capacity
5Mtpa
Status
Scoping
Proposed Development
Significant exploration has been undertaken for the Blacksmith project since 2008. In this time, seven shallow iron ore deposits have been identified, containing significant concentrations of goethite and hematite.
In May 2024, a pre-feasibility study showed with a high degree of certainty that this project will be able to sustain operations for over 20 years. In this time, it will be able to deliver 5 million tonnes per annum of high-quality direct shipping ore product.
This project is targeting first ore to market in 2025, subject to completion of economic studies, regulatory and third-party approvals, and financing.
Quick Stats
Key highlights of the pre-feasibility study include:
60.5% Fe
Average grade
$523M
NVP 8% (Pre-tax)
3.3 Years
Capital Payback
31%
IPR (Pre-tax)
23 Years
Life of Mine
US $51/t
LOM C1 Cost
$217M
Capital Costs
101Mt
Total LOM Production
Sights on Site
Zero Emissions by 2030
Real Zero is our plan to eliminate our scope 1 and scope 2 emissions across our Australian iron ore operations, without voluntary carbon offsets. For the benefit of our planet, our shareholders, and future generations.
Global Operations
Our Metals business includes iron ore operations in the Pilbara and exploration projects across the globe, spanning sites from Australia to Latin America and Gabon.