The Cehegín Iron Ore Project

The Cehegín Iron Ore Project was previously mined for over 4 million tonnes between 1975 and 1989 by the previous operator Altos Hornos de Vizcaya and produced a premium quality iron ore concentrate for its own internal use for their steel mills in northern Spain.

Iberian Minerals

Iberian Minerals has access to historical drilling of 1,243 drill holes totaling 37,875 metres, land, and aerial magnetic surveys, plus production records.

The latest historical resource estimates were presented by Aurelio in the 1990 feasibility study for the Cehegín mines using the historical AHV data. The Aurelio study indicates that the total reserves for three of the sixty-two concessions investigated are in the order of 7.4 million tonnes. The historical estimates were generated using the sectional polygon method and were not categorized using the mineral resource categories described by the CIM Standards.

Historical estimates were generated using the sectional polygon method and were not categorized using the mineral resource categories described by the CIM standards.