Frequently Asked Questions
The Annual Report is a key source of information about Carpentaria. You can access the electronic versions of these reports here.
Street address: Level 6, 345 Ann St Brisbane Qld 4000
Postal address: PO Box 10919, Adelaide St Brisbane Qld 4000
Telephone: (+61)(0) 7 3220 2022
Email: [email protected]
The iron ore price has recently grown because of the Vale mine tragedy in the world’s largest iron ore producer – Brazil. The incident occurred back in January this year after safety issues arose with the tailings dams. As was reported on the news, more than 240 people died. This resulted in the shutdown of many of the operations at Vale, and there were reports that this issue may take years to resolve and for the mines to get back to peak production. They have recently been granted access to mine again at some of the locations affected but they are still far from peak output
Forecasts show that by 2050 steel usage will be 50% higher than it is today, as it will be required to support population growth and the need for high rise buildings. Currently, there is no substitute for steel manufacturing, and steel requires at least 95% iron ore to produce.
There are currently environmental crackdowns in China brought about by the Central Government passing laws to improve air quality and to combat climate change and forcing out inefficient steel
Carpentaria is currently looking to secure funding with acceptable terms to Complete its BFS (12-18 months) and gaining finance to construct the mine. This will ultimately aim for cash flow and production by Q4 2022.
The location of the Hawsons magnetite orebody is 60km SW of Broken Hill, NSW. The location is ideal, as there is already accessible infrastructure including roads, rail lines, power, and water nearby to facilitate mining production.
The current plan is to produce 10Mtpa of Hawsons Supergrade® concentrate/iron pellet feed and to move it by slurry pipeline to a rail access near Broken Hill. From there it is planned to transport the product by rail to Port Pirie and/or Whyalla in South Australia, to load it by transshipment onto Capesize vessels that will carry the product to customers.
The Hawsons Supergrade® product will have outstanding qualities as an iron ore product. Hawsons will produce a magnetite concentrate with extremely high (70%) iron content and very low impurities (such as silica). It will be attractive for steelmakers to blend with lower quality iron ore products and, in particular, to producers of direct reduction iron (DRI), which is used to make steel in electric arc furnaces and thereby do so with far lower emissions of greenhouse gases. Advances are also being made in Europe in the process of producing steel using hydrogen as the principal source of energy, and the highest quality iron ore product will be required for this as well.
The Hawsons Iron Project has been identified as one of the top fifteen key projects backed by the Australian Government for economic development. This major project status recognises the significance of a project to the country for economic growth. This is a huge acknowledgment for the development of the project.
The project is currently organising funding for the BFS (bankable feasibility study). Mitsui has already committed $5.4m, once the remainder of the BFS funding is in place. Quentin and the board are in negotiation with another tier, one offtake, and other partners intending to secure funding for the BFS. This includes some of the parties most affected by Brazilian supply disruptions. They have had a lot of interest. 140% of their estimated production is under non-binding letters of intent, reflecting the strong demand for the Hawsons Supergrade® product.
You can contact either Link Market Services Limited or the Company direct.
Reach Markets has been engaged by Carpentaria to help manage its investor and shareholder communications. We want to ensure that anyone with interest is kept up to date with announcements and news. Reach Markets frequently organises Online Webinars with Management to let investors hear directly from the board and assist with any questions they may have around the business.
An Issuer Sponsored holding is maintained by the issuer of your shares. The issuer at the share registry maintains all details relating to your holding. Your Issuer Sponsored holding can be identified by an ‘I’ at the start of your Shareholder Reference Number (SRN) which is printed on your holding statement. When your shares are Issuer Sponsored, you are free to trade them through any broker without the need to move them around. You give your nominated broker permission to access your holding when you buy or sell.
If your shares are Broker Sponsored, you will have a Holder Identification Number (HIN) allocated to your holding rather than a Shareholder Reference Number (SRN). Your Broker Sponsored holding can be identified by an ‘X’ at the start of your HIN which is printed on your holding Statement.
Carpentaria is listed on the Australian Stock Exchange (ASX ticket code: CAP). The home exchange is Brisbane.
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“Carpentaria Resources’ experienced team is well prepared to take on the challenges associated with its numbered strategic company development goals. Our team has the right experience in varied respective fields that shape positively as we to look undertake our numbered and broad range of exciting development projects”
Quentin Hill – Managing Director/CEO