GWR Group Limited (ASX:GWR) has announced that production at its flagship C4 Iron Ore Deposit within the Wiluna West Iron Ore Project is running ahead of schedule, with the company recently setting a daily ore haulage record of 5,792 tonnes on 10th August 2021.
Haulage rates at the operation are continuing to improve, with the company on pace to hit 130,000 tonnes for the month of August, after reaching 125,060 tonnes during July.
“GWR will continue to focus its efforts on improving its haulage tonnage rates and reducing the overall C1 cash costs”
Successful export to offtake partner
GWR reports that cargo ship MV Wen De departed the Port of Geraldton on the 6th of August with 56,400 wet metric tonnes of lump iron ore bound for Hong Kong based offtake partner Pacific Minerals, with a second carrier MV New Honour departing on the 15th, carrying 58,955 wet metric tonnes.
A further carrier, the fourth for the quarter, is scheduled to commence loading at Geraldton on the 25th of August.
C4 picking up pace
GWR and joint venture partner Pilbara Resource Group have initiated a desktop study lead by logistics and materials handling specialist Paul Leidich, in a bid to improve efficiencies and profitability on the high grade, low impurity product produced at C4.
The study will investigate infrastructure, logistics and port operations to identify potential areas of improvement.
Management comments
GWR Chairman Gary Lyons said: “I am very pleased to provide shareholders with another strong operational update, this time highlighting the exceptional efforts of our haulage team setting a daily haulage record of 5,792 tonnes of ore transported to the Port of Geraldton.
GWR will continue to focus its efforts on improving its haulage tonnage rates and reducing the overall C1 cash costs in an effort to improve on the margins being received for our premium iron ore.”
Images: GWR Group Limited
