NRW Holdings Limited (ASX: NWH) today advised it has been awarded the mining contract for the Roper Bar iron ore project in the Northern Territory for Nathan River Resources.
The Roper Bar Iron Ore Project is situated in the Northern Territory of Australia and has a fully integrated ‘pit-to-port’ logistics chain including a privately owned 171 km paved access road to an existing barge load-out facility and product stockyard.
The project was commissioned in October 2020 with first Direct Shipping Ore (“DSO”) exports in November. Production ramp-up is nearing completion, with four vessels now completed (approx. 220kt). An offtake agreement exists between Glencore and NRR for the marketing and distribution of iron ore from the Roper Bar Iron Ore Project.
This contract award covers the Stage 1 operations at Roper Bar, with production of 4.6 Mt of DSO and 1.0 Mt of DMS (Dense Media Separation) production at 1.5 – 1.8 Mtpa over 3 years. The contract scope includes drill and blast, load and haul, clearing and grubbing, top-soil and subsoil removal and rehandling of ore stockpiles.
The Contract value is circa $123 million and has a duration of 33 months. At its peak there will be approximately 55 site based personnel on the project.
NRW’s CEO and Managing Director, Jules Pemberton commenting on the award stated: “NRW is pleased to be involved in the recommencement of the Nathan River Minesite and looks forward to its successful execution”.