Iron Ore Holdings (ASX:IOH) has announced the receipt of a mining license for the Bungaroo South and Dragon iron ore deposits, in Western Australia. Those deposits contain approximately 260Mt of iron ore in the inferred categories.
IOH’s Buckland Project would consist of an 8Mtpa iron ore operation, and a 180km long private haul road to transport the iron ore to port facilities on the north shore.
Disclosure: The author holds a long position in Iron Ore Holdings Ltd. Please see our disclaimer for current positions.