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Guinea iron ore project pegged at 111 million tonnes graded at 38% Fe

West Africa focused Bellzone Mining has released an initial resource estimate for its Kalia iron ore project in Guinea.

The AIM-listed iron ore and nickel company announced an initial inferred JORC oxide resource of 111 million tonnes, graded at 38% Fe, which would be beneficiated using a standard gravity process to produce 58% Fe fines. The technical report says Bellzone has mapped 55 square kilometres of surface oxide material, with exploration focused on a 2.3 square kilometre area located above the 3.74 billion tonne magnetite  resource.

It plans to mine 250 million tonnes of iron ore oxide throughout a 10-year minelife. According to a report in Mining Weekly earlier this month, Bellzone has finalized its feasibility study and plan to begin construction on the mine by the middle of this year.

Read the full press release