Haranga Resources awarded pre mining contract for Selenge iron project.

Haranga Resources has been awarded a pre mining agreement with the Mineral Resource Authority of Mongolia for its 80% owned Selenge Iron Ore Project.

The project is located in Mongolia's premier iron ore development region of Darkhan Selenge with access to the main trans-Mongolian Rail line & nearby spurs.

The key terms of the agreement are for Haranga to complete and submit a feasibility study, mine design, and finally construction of a Mine. Selenge hosts a JORC Resource of 254 million tonnes at 17.2% iron, making it the largest JORC iron ore resource in Mongolia.

Notably, 99.8% of this is in the Measured and Indicated categories, and initial Davis Tube Recovery results indicate that a high quality 66% iron concentrate is attainable from the project.

Steel Guru