Strike Resources gets the green light for environmental works at Ashburton Port
Environmental Works Approval has been granted for the export of 1.8Mtpa of iron ore from the Port of Ashburton in Onslow, Western Australia.
It also allows the company to undertake the bulk export of iron ore from the Port of Ashburton, which is managed by Pilbara Ports Authority (PPA).
This move represents a critical step in the Stage 2 development plans of Strike’s (ASX:SRK) Paulsens East Iron Ore Mine, where production has just commenced for Strike’s upcoming maiden shipment of lump DSO from Utah Point in Port Hedland (which is also managed by the PPA).
The Port of Ashburton is proposed as a longer-term export solution for Strike, given its closer proximity to the Paulsens East Iron Ore Mine (roughly 235km) versus Utah Point in Port Hedland (650km), leading to significantly lower trucking costs from mine to port.
SRK says the Works Approval is subject to usual conditions relating to export activity including environmental monitoring and measures to minimise the impact of dust and noise.
There is a separate Works Approval application also underway for the offshore marine operations, relating to the location of offshore moorings for ocean-going vessels that will receive ore from Strike’s proposed transhipment vessel.
This marine-side application is progressing well and is expected shortly.
This article was developed in collaboration with Strike Resources, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.