Venus Metals Corporation Limited (ASX:VMC) Yalgoo Iron Ore Project Pre-Feasibility Study Contract Awarded To Promet Engineers
Perth, Mar 8, 2011 AEST (ABN Newswire) - Venus Metals Corporation Limited (
ASX:VMC) are pleased to advise that the Pre-Feasibility study for the Yalgoo Iron Ore Project has commenced and the contract has been awarded to ProMet Engineers.
ProMet Engineers provides project management, project development and feasibility study work, process plant design, engineering services and metallurgical consultancy services to minerals and metals industry clients.
In Australia, ProMet Engineers has specialist expertise in the beneficiation, agglomeration and pelletising of all types of iron ores and other fine particulates, and has intimate knowledge of all aspects of iron making and steelmaking technologies.
ProMet Engineers has particular relevant experience in the processing of magnetite ores and has performed numerous studies and projects in this area, including:
- the Bankable Feasibility Study and Front End Engineering for the Gindalbie Karara Magnetite project, in the Mid-West region of Western Australia, which is now under construction and
- the feasibility studies and detail engineering for OneSteel's (ASX:OST) Project Magnet near Whyalla, South Australia which went into production in 2007.
The company expects a Pre-Feasibility study to be completed by 30th of June 2011.
About Venus Metals Corporation Limited
Venus Metals Corporation Limited (ASX:VMC) is a West Australian based Company with a focus on gold, base metals, vanadium and lithium exploration projects. The Company aims to increase shareholder value through targeted exploration success on its projects.
The Company's major gold project is the Youanmi Gold Mine, located 500km north-east of Perth. The Youanmi Gold Mine is now jointly owned by Venus Metals (30%) and Rox Resources Limited (70%); Indicated and Inferred Resource of the mine is in excess of 3 million ounces of gold.
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