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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project description
The Aymaraes Iron Ore Project is comprised of five mineral concessions totaling 5,700 ha in Peru. The Aymaraes Project is the focus of much of Ferrobamba’s recent exploration work: geophysical surveys, geological mapping, surface sampling and drilling. A number of outcrop areas largely comprised of magnetite have been identified on these properties.
Comprehensive property information is detailed in a NI 43-101 compliant Technical Report prepared by WGM, dated 19 August 2013 and a geophysical report prepared by PGW, July 2013.
A positive Conceptual Study by BBA on the Aymaraes Iron Ore Project, dated 24 October 2013, assessed the economic viability of building and operating an independent stand-alone mine.
