Red Hawk Mining is focussed on developing its 100% owned Blacksmith Iron Ore Project in the Pilbara region of Western Australia. The Pilbara hosts many world-class iron ore mines and is the world’s largest producing region of seaborne iron ore. With its close proximity to major iron ore markets, including China, Japan, South Korea and India, iron ore exports from the Pilbara exceeded 750 million tonnes in 2022.
The Blacksmith Project is located approximately 70km north-west of Tom Price and consists of mining lease M47/1451 (112km2). Blacksmith is nestled amongst many major iron ore projects, including Mt Tom Price, Brockman, Solomon and Eliwana. In addition to major iron ore deposits and projects, the region contains significant associated road, rail and power infrastructure.
Extensive exploration drilling at Blacksmith has defined iron ore resources in seven shallow deposits, with an assessment of higher grade.direct shipping ore (DSO) currently underway
Scoping study commenced aimed at accessing +60% Fe DSO with particular emphasis on low strip ratios and mining at a sustainable rate of 3 million tonnes per annum
Focused on minimising capital expenditure with contract mining, crushing and trucking, and utilising public roads and third-party ports
Targeting first ore to market in 2025, subject to completion of economic studies, regulatory and third-party approvals, and financing
Significant exploration has been undertaken at Blacksmith since 2008 with over 200,000 metres of reverse circulation, diamond and sonic drilling completed. The drilling programmes have identified several iron ore deposits, including Ajax, Blackjack, Champion, Delta and Eagle.
Snowden Mining Industry Consultants have completed a Mineral Resource Estimate at Blacksmith to JORC 2012 standards.
M47/1451 – Blacksmith1
1 The Blacksmith Mineral Resources includes the Ajax, Badger, Blackjack, Champion, Delta, Eagle and Paragon deposits. All the estimates making up the Blacksmith Mineral Resource and reported to JORC 2012 standards.
Red Hawk has commenced a Scoping Study at Blacksmith on the potential development of resources to produce a +60% Fe direct shipping ore (DSO) product at a sustainable rate of up to 3 million tonnes per annum. The Scoping Study will focus on utilising public access and third-party transport and export infrastructure where possible, to reduce upfront capital requirements. The Scoping Study is expected to be finalised in 3Q 2023.
The Scoping Study aims to define a development scenario for Blacksmith which will add considerable value to Red Hawk shareholders by focussing on:
- Accessing DSO grade ore with particular emphasis on low strip ratios within the Delta and Paragon deposits;
- Minimising capital expenditure with contract mining, crushing and trucking, and utilising public roads and third-party ports;
- Assessing options to reduce Blacksmith’s carbon footprint through renewable energy and other initiatives;
- First ore to market in 2025, subject to regulatory and third-party approvals, and financing; and
- Proactive engagement with Traditional Owners to consider value-adding partnership opportunities.