Apollo signs Flinders Ports for transshipping solution
Another South Australian iron ore junior is investigating transshipment. Apollo Minerals has signed an MOU with Flinders Ports to explore the export option for its Commonwealth Hill project in the Gawler Craton, via Port Pirie on the Eyre Peninsula.
Arrium's transshipping system, which consists of (L to R) a self unloading barge, a floating transshipping platform and bulk carrier.
Apollo also has projects in the Pilbara and Gabon, West Africa. The company intends to use the MOU with Flinders to secure up to 2.5mtpa export capacity at Port Pirie.
The company flagged the possibility of using a common user facility at Port Pirie recently proposed by Carpentaria Exploration; also, Apollo said it will investigate commissioning its own onshore infrastructure in the vicinity.
Commonwealth Hill project is conveniently located adjacent to the line south from Darwin. The line runs south from Commonwealth Hill to join the east – west transcontinental line that travels into Port Pirie and onto Adelaide.
Apollo said it will investigate using a transshipment system similar to Arrium’s (formerly OneSteel) at Whylla. This system involves self-unloading barges cycling between the shallow waters at port and deepwater to the bulk carrier.
Self-unloading barges, loaded from a jetty at port feed a floating transfer barge, which in turn loads the bulk carrier.
Apollo holds 100% interest in three exploration licences in the Commonwealth Hill area, the Sequoia, Wirrida and Gina prospects. The company reports it is currently evaluating the potential to develop a medium sized iron mine on the property.
Drilling has identified both coarse grained magnetite and direct shipping ore style mineralisation including 24m at 56% Fe inclusive of 4m at 70% Fe. Previous work has highlighted the possibilities of producing premium quality iron concentrates and sinter fines products.