Brockman Resources reports of projected $35 billion haul for WA project
Emerging iron ore mining player Brockman Resources Ltd (ASX: BRM) revealed on Tuesday that its planned Marillana project in the Pilbara regions of Western Australia could eventually amassed a rich yield of up to $35 billion through the course of its projected 25 year life.
Brockman Resources said that the estimates have been supported by the 13-month feasibility study conducted on the site, which is also announced that some $1.75 billion in royalties would be contributed by the upcoming project located on the Roy Hill road that cuts through Port Hedland and Newman.
Company managing director Wayne Richards said that the $1.3 billion Marillana project would commence construction on the site by November next year and an estimated 1200 workers were expected to enlist during the construction of the project site.
Mr Richards added that the company should be able to entice the right fit of workers that would participate in the project as he stressed that "there's a lot happening in the Pilbara with both the oil and gas and the iron ore expansions."
The company admitted that the Pilbara mining region has been seeing accelerated activities from many mining projects and most likely "labour will become probably very tight but while it's a finite pool I believe we can attract and retain the right type of people just by being a slightly different style of project."
Mr Richards said that Brockman's distinction from other mining projects was the company's different approach as he added that the Marillana project is poised to offer a great number of short and long-term jobs.
He said that the project would require a maximum of 350 workers that will man the site's operational activities once it is completed but for the expected 24-month of construction period, a workforce of 1200 people would be recruited.