CZR Resources Ltd (ASX:CZR) has been granted mining licences for key deposits at its Robe Mesa iron ore project, which is adjacent to Rio Tinto’s Mesa F project.
The WA Department of Mines granted the two mining licences for a period of 21 years.
This follows a signing of the mining agreement with the Robe River Kuruma Aboriginal Corporation that provides economic and social benefits to the traditional owners and consent for mining to be undertaken at Robe Mesa.
Granting of the mining licences further adds to CZR’s definitive feasibility study for the project.
This is in addition to CZR’s recently announced consortium agreement with Strike Resources and CSL Australia to develop a joint export facility from the existing Port of Ashburton.
The company has also made significant advancements in its strategy to grow mine life and production rates at Robe Mesa, with the recent mineral resource increase to 45.2 million tonnes and the acquisition of a FMG tenements only five kilometres from Robe Mesa.
CZR Managing Director Stefan Murphy said the granting of the mining licences for Robe Mesa was a watershed moment for CZR and the outcome of several years of diligent, hard work by the Company and its key stakeholders.
Murphy said: “CZR has a clear strategic goal to grow the size and forecast production rate from the Robe Mesa iron ore project, to make it resilient throughout the economic cycles and a more valuable asset for CZR and its shareholders.
“The granting of Mining Licences covering the Robe Mesa deposit, following a collaborative agreement with the Robe River Kuruma Traditional Owners, has been a goal of CZR for many years and further de-risks our project, adding value to the Robe Mesa asset.
“Iron ore is largely driven by logistics and marketing, and CZR has shown over the past month that much of the hard work behind the scenes is beginning to pay off, with the pit-to-port value chain taking shape and bolt-on acquisitions secured to further enhance our project scale.”
