Sherwin Iron reached agreement with Darwin Port

Sherwin Iron Limited and the Darwin Ports Corporation have entered into a non-binding Heads of Agreement to negotiate, develop and enter into formal agreements for the lease and use of land and facilities by Sherwin at Darwin’s East Arm Wharf.

The Board expects that shipments of iron ore from the company’s Roper River tenements can commence in 2013 through the EAW facilities if suitable agreements can be put into place with corporation.

The proposed East Arm Wharf facilities will enable Sherwin to initially export 1 million tonnes of bulk iron ore per year, building up to 3 million tonnes per year. The facilities would be used by Sherwin for up to 20 years.

The formal agreements will provide licences to allow Sherwin to access and use the land at East Arm Wharf to construct the necessary facilities and to stockpile materials.

The Heads of Agreement will terminate by mutual consent upon entering into the formal documents or 31 December 2013, whichever is earlier.

Sherwin Iron granted NTG Major Project Status

Sherwin Iron Limited’s Roper River Iron Ore project has taken another step forward after being granted Major Project Status by the Northern Territory Government.

The decision is a major milestone for the company, which has a current resource of 488 million tonnes within its Roper River Iron Ore Project 500km south east of Darwin.

Sherwin Iron Executive Chairman Barry Coulter said the company has been continuing to build the case for the project including ongoing discussions with representatives of traditional owners and working through the environmental approvals process.

“This is another important milestone and gives us the confidence to move forward with our project,” Mr Coulter said.

The granting of Major Project Status ensures a Government team is established to help facilitate the appropriate environmental, heritage, mining and safety approvals the project will require as well as ensure maximum benefits to the local community and industry.

“We’re proud to be a local company and are committed to Territorians gaining the maximum benefit from this project,” Mr Coulter said.

“We’re delighted with the progress to date and the level of confidence shown by the Northern Territory Government.”

Sherwin Iron is working to lodge a Notice of Intent, the first step in the approvals process for the project, with the Northern Territory Government later this year.

Sherwin Iron welcomes certainty from Limmen National Park announcement

Sherwin Iron Executive Chairman Barry Coulter has welcomed the Northern Territory Government’s decision on the establishment of the Limmen National Park in the Roper River region.

“We welcome the certainty this decision brings to our operations in the area,” Mr Coulter said.

“Sherwin has a number of smaller tenements within the Park boundary and we understand these will require a higher level of scrutiny should we proceed to develop these in the future.

“In the meantime this decision gives us the confidence to take our exciting project forward.”

Sherwin Iron is exploring and developing the Roper River Iron Ore Project, which covers 4000 sq km, 500km south east of Darwin. The project has a current resource of 488 million tonnes.

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