Murchison Metals Ltd advises that, as indicated previously, mining operations at Crosslands Resources’ Jack Hills iron ore mine will cease in late December 2011 in accordance with the five year Stage 1 mine plan.
The final shipment of direct shipping lump and fines from the Jack Hills Stage 1 project is scheduled to occur in February 2012, and the mine will be placed on care and maintenance while Crosslands progresses planning for the Jack Hills Expansion Project.
The planned cessation of Stage 1 operations does not impact the proposed sale of Murchison’s interests in Crosslands and Oakajee Port & Rail to Mitsubishi which was announced on 24 November 2011.
