News & Updates

PDAC 2014 Ferrobamba was present at this year’s PDAC mining convention with a booth and drill core from the Aymaraes Project. Ferrobamba received praise for its very succesful initial drilling campaign. Visitors were able to learn details of the conceptual study for developing a mining operation.

Agreement Signed with Tenova Ferrobamba has signed a cooperation agreement with Tenova to develop its iron ore mine in the Aymaraes region of Peru. The company has chosen Tenova HYL Micro Module technology in order to oversee the technological design and provide the equipment to develop and build a 500,000 t/y pelletization plant and a 250,000 t/y DRI high carbon DRI plant.

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future works

Toward Pre-feasibility

Ferrobamba is motivated by the initial positive technical and financial results of the Conceptual Study to advance the Project through the next stages of work towards a Pre-feasibility study. To support this decision, WGM and BBA, in consultation with Ferrobamba, have developed a program and budget to advance the Project. This schedule anticipates completion of a Pre-feasibility Study during the next 18 to 24 months for a total estimated cost of approximately US $16 million, including exploration drilling.

After the additional definition-drilling program is carried out, a new NI 43-101 Mineral Resource estimate will be completed. Additional metallurgical testwork, environmental and social impact studies and transportation and marketing options will also form part of this study.