About Cashmere Iron

Iron Ore in the Mid-West of WA

  • The main Iron ore precinct in Western Australia is the Pilbara region.
  • Previously, lower Iron ore prices favoured the development very large deposits. Recent demand for Iron Ore has been strong, with a fifth consecutive price increase this year.
  • Chinese markets have shown particular interest.
  • Iron ore exploration expenditure in the region has increased and now rivals Gold.
  • This economic environment has allowed the emergence and development of other Iron ore regions in Western Australia.
  • The Mid–West region has emerged as a new Iron ore precinct.
  • Companies reaching production include Mt Gibson Iron Ltd [MGX]Midwest Corporation Ltd [MIS], and Murchison Metals [MMX]Gindalbie Metals Ltd [GBG] is in development.
  • Some estimates project shipment of over 90 Mtpa of Iron ore by 2015.
  • Infrastructure is a major consideration in mining.
  • The Yilgarn region is currently undergoing major development, largely due to the Iron ore sector.
  • The Geraldton Iron Ore Alliance was formed by multiple operators in 2005 to promote region development.
  • Railway development has progressed with planned rail services to the vicinity of the Cashmere project.
  • The Haematite form of Iron ore has been traditionally preferred over the Magnetite form.
  • Interest in the Magnetite has increased recently. This has resulted from increased demand, Low Intensity Magnetic Separation (LIMS) techniques, and blast furnace technology.
  • The industry, is adopting smelters for Magnetite.
  • It is in this rapidly expanding Iron Ore climate that Cashmere Iron Limited intends to develop its project.

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