Juno Minerals, ports authority ink MOU to advance Mount Mason project

Juno Minerals has executed a non-binding Memorandum of Understanding (MOU) with the Southern Ports Authority (SPA), securing a proposed 1.5 million tonnes per annum (mtpa) capacity allocation through the Esperance Port’s iron ore circuit.

This pivotal step finalizes the logistics supply chain needed for the progression of the Mount Mason DSO Hematite Project in Western Australia, marking a crucial milestone for the Perth-based iron ore development company.

In collaboration with SPA, Juno Minerals has recognized minor modifications required at the Esperance Port. These include adjustments for shed space and accessibility, all of which are expected to be designed and budgeted.

Aiming for a planned direct shipping ore (DSO) production of 1.35mtpa at Mount Mason, Juno Minerals is taking strategic steps to ensure operational profitability.

Despite its standing as a smaller, higher-cost producer compared to leading industry players, Juno Minerals’ strategy is to maintain operations amidst fluctuating iron ore prices. This involves the implementation of hedging contracts, crucial to underpin the project’s development at elevated iron ore prices.

Juno Minerals strategic efforts extend to securing higher pricing at opportune moments, facilitating the financial investment decision for the project’s development. The company’s proactive approach to navigating the unstable market conditions highlights their robust business acumen and strategic planning capabilities.

This move is expected to draw substantial investor interest, promoting Mount Mason’s development and further boosting Juno Minerals’ industry position.

The Mount Mason project, a high-grade hematite mineralisation endeavor, is situated roughly 12km north west of the Mount Ida magnetite project. It boasts potential for a low-cost, short-term start-up, promising a swift payback period and robust positive cash flows. It’s projected that the successful completion of the Mount Mason project will pave the way for mining activities at the Mount Ida magnetite deposit.