Eastern Iron's strategy aims to create shareholder value and reduce exploration risk by acquiring interests in projects located close to infrastructure with a good discovery potential or a known resource with growth potential.
Eastern Iron Limited was formed to investigate the potential for iron ore on the infrastructure-rich, eastern seaboard, which is home to the bulk of Australia's industrial capacity, population, workforce and markets.
Eastern Iron is investigating the potential for development of a magnetite processing operation based on magnetite deposits it holds at Nowa Nowa in Eastern Victoria and at Eulogie and Hawkwood in Central Queensland. All deposits are in close proximity to existing rail and port infrastructure. The Company is also in joint venture with 3E Steel to investigate the potential for developing large low cost, low grade iron pisolite deposits in western NSW.
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About Eastern Iron Limited
Eastern Iron Limited (ASX:EFE) is an Australia-based company. The principal activity of the Company is the discovery and delineation of iron ore resources and reserves in eastern Australia and the development of those resources.
Eastern Iron Limited