Australian miner Strike Resources is set to ramp up operations at its Apurimac Iron Ore Project in Peru to increase the production of iron ore, the company said in the statement.
The company has already stockpiled over 20,000mt of high-grade iron ore ready for shipping since it commenced operations at the project in December 2020.
Strike Resouces is now ramping up operations at the project to increase throughput both via mining operations and the engagement of the second crushing and screening plant. This is expected to increase its crushing capacity to 1,000mt per day.
The company’s first-year production target is 125,000mt but it is looking to expand its output from the mine as development proceeds in the coming months.
The company is targetting the production of a high-grade 64pc-65pc of iron ore with low impurities.
It completed a pre-feasibility study on Apurimac back in 2008.
The high-grade and direct shipping ores (DSO) being mined at the project come from one of the largest and highest-grade magnetite deposits in the world. The project boasts a colossal resource of 269.4mn mt grading at 57.3pc iron, with exploration showing the potential to extend the deposits along strike.
The Apurimac Iron Ore Project is located in central Peru, about 20km from Andahuaylas and around 400km southeast of the capital Lima.