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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