Initial Statement – Acquisition of Yilgarn Iron Ore Project by Yilgarn Iron Investments Pty Ltd
Yilgarn Iron Investments Pty Ltd (YIIPL) recently finalised a Share and Asset Sale Agreement with Mineral Resources Limited (MinRes) and its wholly owned subsidiary Polaris Metals Pty Ltd (Polaris) for the purchase of the Yilgarn Iron Ore Project which comprises all of the issued capital in Yilgarn Iron Pty Ltd (YIPL) and relevant tenements owned by Polaris.
YIIPL is well placed to operate and progressively rehabilitate one of Western Australia’s oldest iron ore mining precincts. Its leadership team has substantial experience in iron ore operations in Western Australia and is committed to working with a full range of stakeholders and partners, including the Marlinyu Ghoorlie Native Title Group and the WA Government, to ensure the project is successful.
Background
Yilgarn Iron Ore Project includes the sites of Koolyanobbing, Carina, Jackson Ranges, Mt Manning, Windarling and Parker Range plus exploration targets. The Yilgarn region has a long history of iron ore mining and is located in the Shires or Yilgarn and Menzies with ore being railed to Esperance Port for export. The productive mining areas are located on the land of the Marlinyu Ghoorlie Native Title Group.
The new management team has secured investment funding to acquire and continue to develop the Yilgarn Iron Ore Hub. Management will be refocusing operations around the Koolyanobbing ore processing facility with a planned re-commencement of haulage operations in 2025 and initial mining in late 2025. The intention is to continue mining and rehabilitation activities hand in hand while also drilling exploration targets within the project area.
Executive Management Team
Managing Director / Fergus Campbell
Experienced mining engineer and company director with over 30 years of commercial mining experience mostly in iron ore. Fergus was previously involved as a senior manager with Henry Walker Eltin including managing BHP’s Yandi Iron Ore Mine, then the largest iron ore operation in Australia. He is also a Director of Maiden Iron Pty Ltd.
Director / David Paull
Finance and commercial director with over 30 years of experience in commercial mining businesses. He is currently Chairman of ASX listed Asian Battery Metals and Director of Maiden Iron Pty Ltd. David holds a Bachelor of Commerce from the University of Western Australia and MBA with Distinction from Cornell University.
Ross Thomson
Mechanical Engineer with over 30 years of resources experience including working at Koolyanobbing Iron. Through his consulting Firm Process 26 Ross has designed and constructed iron ore processing infrastructure and provided associated consulting services to major iron ore companies.
Peter McBain
Civil engineer and project manager with over 30 years’ experience in mining and mining infrastructure, Peter has held senior management positions in contracting companies including Henry Walker Eltin and Brierty as well as with Eastern Guruma and a number of significant Aboriginal Joint Ventures.
Aidan Kelly
A lawyer and project approvals facilitator, Aidan has many years’ experience in private legal practice and corporate roles, including positions with Rio Tinto, Karara Mining, Mineral Resources and the WA Government.
Contact & More Information
Please contact us on for more information about the project and if you are interested in participating in the opportunities that this project presents.
