Kogi Iron Limited (ASX:KFE) Scoping Study Team Appointments for the Agbaja Iron Ore Project.
Kogi's Managing Director, Iggy Tan said: "The Scoping Study team that the Company has assembled is highly experienced and accomplished in the evaluation of iron ore projects internationally. Combined with the decades of iron ore operating and/or project development experience of the Kogi Board, the quality of the Scoping Study team will ensure the detailed and comprehensive evaluation of the Agbaja Project. It is pleasing to report that the work is progressing well and remains on track to be completed by the end of Q1 2014."
Background of Scoping Study Team Members
Study Manager - Mr Brian King
Mr King, a Non-Executive Director of Kogi, is leading the Scoping Study team and has over 40 years' experience in the mining industry, most recently with Terex in the United States where he held various senior roles including President of Terex Mining for 11 years. Prior to this he was the registered Mine Manager of the Tom Price and Paraburdoo mining properties of Rio Tinto from 1982 until 1990.
Resource Estimation - Coffey Mining (Mr David Slater)
Coffey Mining has been involved in multiple iron ore projects including Kalia, Solomon Hub, Roper River, Central Eyre and the Tete and Tenge Ferro-Vanadium Projects in Mozambique. Mr Slater has over 24 years' experience balanced between production and corporate environments. His expertise is resource audit and resource estimation having worked and managed all aspects of mine geology including grade control systems, geological data collection, resource definition and reconciliation. Mr Slater has a broad range of experience in geological modelling, resource evaluation, geostatistics and in undertaking resource grade estimation.
Mine Planning - Coffey Mining (Mr Harry Warries)
Mr Warries has worked on a wide range of projects, including a number of major feasibility studies such as the Roy Hill Iron Ore Project in Western Australia, and the Central Eyre Iron Ore Project in South Australia, as well as a wide range of other projects in Africa, Asia and Australia. He has provided mining engineering services for copper, nickel, cobalt, gold and iron ore projects and due diligence studies and technical audits.
Metallurgy and Process Design - Tenova Australia (Mr Grant Loveday)
Tenova Australia is currently engaged in the Central Eyre project and worldwide, Tenova has worked on a multitude of iron ore projects, including the Sishen Expansion Project in South Africa. Tenova is also an equipment supplier to the mineral processing, smelting and steelmaking industries. Mr Loveday's iron ore processing and design experience has included testwork and process studies for Weld Range, the Rio Tinto Low Grade Pilot Plant and Extension Hill in WA, Roper Bar in the Northern Territory, Marampa in Sierra Leone, Sesa Goa - Dempo in India and Bomi Hills in Liberia. He has worked on various iron ore projects while assisting the Tenova Jig Group.
Operation and Logistics - Wilson, Campbell & Associates (Mr Carl Wilson)
Mr Wlison has been involved with iron mining projects since 1973. He has extensive international experience in iron ore operational design, including plant designs for the Zanaga project in Republic of Congo, MMX and Ponte Verde Itabirite in Brazil, the Lomonosovskoye project in Kazakhstan, the Shymanivske project in the Ukraine and iron ore operations in Chile. Mr Wilson also provided services to the Karara and Sino Iron mines in Western Australia, the proposed mines on the Eyre Peninsular in South Australia and the North Star magnetite project in the Pilbara. He is also familiar with transhipping operations having been involved with the Whyalla project in South Australia and the Corumba project in Brazil.
Market Research - Iron Ore Research Pty Ltd
The consulting company has more than 20 years' experience in marketing, business development and advisory in the iron ore and steel industry with global companies such as Voest-Alpine, JP Morgan, Rio Tinto, and Fortescue Metals Group (FMG). Iron Ore Research Pty Ltd currently advises iron ore developing and operating companies.
Geology - Intergeo Pty Ltd (Dr Warwick Crowe)
Dr Crowe has 25 years' experience in geology and exploration with a broad background in iron ore exploration from interpretation and mapping of iron sand deposits in offshore New Zealand to integrated mapping, classification and targeting itabirite deposits in Liberia and Guinea. He was the founding geologist at Kogi's Agbaja Project and for the past six years has been responsible for the planning and implementation of the exploration and follow up drilling programs for Agbaja's maiden inferred mineral resource estimate (refer ASX announcement dated 28 September 2012).
Financial Modelling - NPV Consulting (Mr Christian Krunze)
NPV Consulting has developed a proprietary audited financial model for iron ore projects which was used by Equatorial Resources Ltd and Boabab Resources Ltd. Mr Krunze has a Master's Degree in Mechanical Engineering / Business Administration and 20 years international management experience in iron ore project development, plant engineering and steel manufacture. He has worked for industry specialists including Siemens VAI and ProMet Engineers, and has a well-established network of professional associates in Africa, USA, Europe, Asia and Australia. Mr Krunze's specific strength lies in a combined technical and commercial understanding of projects.
Nigeria Studies and Approvals - Mr Kevin Joseph
Mr Joseph, a chemical engineer and an Executive Director of the Company, is a 23 year resident of Nigeria and has extensive experience in the African Sub-Saharan Region. With extensive high level in-country relationships, Mr Joseph is a former Executive Director of operations for Oando Plc, Energy Services, one of the major Nigerian, upstream and downstream indigenous petroleum companies in Nigeria, where he headed up supply chain development in the West African Region's with executive responsibility for business development.
About Kogi Iron Limited:
Kogi Iron Limited ("Kogi Iron" or the "Company") is an ASX listed company focused on being an African iron ore producer through the development of its 100% owned Agbaja iron ore project located in Kogi State, Republic of Nigeria, West Africa ("Agbaja" or "Agbaja Project").
In recent years Nigeria has sought to diversify its economy, which is dominated by hydrocarbons, into minerals and related industries. Nigeria is the largest country by population in Africa. Nigeria had a GDP real growth rate of 7.2% in 2011, and in 2007 passed a new Mining and Minerals Act, which includes favourable fiscal terms for foreign investment in mining.
The Company holds a land position of approximately 400km2 covering 15 tenements, with the main focus being EL12124 covering most of the Agbaja Plateau. The Agbaja Plateau hosts an extensive, shallow, flat-lying channel iron deposit with an Inferred Mineral Resource of 488 million tonnes with an in-situ iron grade of 42.7% reported in accordance with the JORC Code. This mineral resource comprises approximately 20% of the prospective Agbaja plateau area within EL12124. The Agbaja Project is uniquely positioned with transport infrastructure access to Warri port via an existing and underutilised standard gauge railway, and the Niger River for barging.
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|Date:||Oct 31, 2013|
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