Padbury Mining Ltd (ASX:PDY) Invited To Korea for EPC Selection Process

Padbury Mining Ltd (ASX:PDY) has signed numerous non disclosure agreements that enable interested parties to drill further into the data which was acquired from Yilgarn and subsequently updated by Padbury. A number of international consultants have completed their assessment of the data and discussions continue.

Padbury has been actively pursuing the construction of a deep water port and associated rail network at Oakajee. Ongoing discussions with potential international EPC contractors and international and domestic; rail and port operators; above rail suppliers; engineering, financial, human resource, IT and other specialist consultants will continue to assist Padbury bring this project to fruition.

Padbury's Executive Chairman, Terry Quinn and its Managing Director, Gary Stokes have been invited back to Korea to continue negotiations for the EPC selection process at the end of this month.

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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Padbury Mining Limited