Padbury Mining Limited (ASX:PDY) Completes Review of Midwest Infrastructure Deep Water Port at Oakajee

Padbury Mining Limited (ASX:PDY) is pleased to announce that Mott MacDonald (Mott's) has completed its review of Midwest Infrastructure's deep water port and associated rail network solution for Oakajee.

The review has been used as a key input into its business plan for the development of Oakajee and for its ongoing discussions with potential EPC contractors and engineering consultants, domestically and internationally.

Padbury's Executive Chairman, Terry Quinn and its Managing Director, Gary Stokes will be returning to Korea for further discussions next week. The trip follows the company's visit to Korea last October when significant interest was expressed in the Oakajee project by a number of large Korean construction companies and potential infrastructure investors.

Since the last visit Padbury has completed the business plan for the project including the scopes of work to be undertaken for the next phase of development and will be presenting these to those interested parties.

About Padbury Mining Limited

Padbury Mining Limited (ASX:PDY) is a Perth-based, ASX-listed mineral exploration company focused on the development of its significant iron ore assets in Western Australia's Mid West region.

The company's flagship Peak Hill Iron Joint Venture is a highly prospective magnetite and hematite iron ore project located at Robison Range, about 450km north east of Geraldton.

The Company has a solid program of work planned to develop the Peak Hill project over the next three years, with production targeted for 2015-2016.

 

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