NSL Consolidated Limited - Bringing Indian iron ore production closer to reality for Australian Investors
NSL CONSOLIDATED LIMITED - BRINGING INDIAN IRON ORE PRODUCTION CLOSER TO REALITY FOR AUSTRALIAN INVESTORS - OPTIRO REVIEW WITH COMPETENT PERSONS STATEMENT
NSL Consolidated remains focused on developing its iron ore resources in India and adding additional value in QLD coal
- Potential near term cash-flow from initial two projects in India
- Significant progress and assets in India - trial mining undertaken, port facilities secured, assay laboratory, advanced approvals, known costs
- Highly leveraged to near term iron ore price - nine month time frame to production, through a simple beneficiation process
- Building towards a vision of becoming a significant iron ore producer based in India, producing DSO, beneficiated material and iron ore pellets.
- Only foreign company to own and operate Indian iron ore mines
- Also progressing first pass exploration activities at grass roots coal exploration project in Queensland - Attractive preliminary exploration targets of 500Mt to 600Mt thermal coal already exist at the project
The information in this statement relating to the iron ore exploration results is based on information compiled by Mr Paul Blackney who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Blackney is employed by Optiro Pty Ltd. Paul has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Paul Blackney consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
For further information please refer to the attached NSL ASX Announcement.