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Mining company WPG Resources says it will look at re-implementing plans for exporting iron ore through Port Pirie, given the latest results for its Giffen Well tenement, south of Coober Pedy.
The company says the site is estimated to have one of the highest grades of iron ore in Australia, with almost 700 million tonnes averaged to be about 31 per cent.
Executive chairman Bob Duffin says the Giffen Well site is close to rail lines which directly link to Port Pirie.
"Where we already own a very large block of land suitable for the construction of some storage facilities and we are contemplating re-implementing the strategy ... to export iron ore from Port Pirie," he said.
Mr Duffin says the company's pre-feasibility study for the Giffen Well site should make it clearer whether the project can succeed when it is finished in March next year.
"If it looks as though it's technically viable and financially feasible to develop the project then I would anticipate that we would move quickly to the bankable-feasibility stage which could take another two to three years to complete and we're targeting the commencement of production around about 2017," he said.
This article first appeared on www.abc.net.au
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