Alien Metals’ IOCA selects Rapid Crushing as preferred contractor

IOCA has conducted a competitive market engagement over the previous six months to identify commercially and technically adept contractors to undertake works as part of the Hancock development and operations. This process has involved pre-qualified and targeted proponents, submitting bids for specific scopes of works, and agreeing to key commercial terms.

Rapid Crushing is a market leader in iron ore, having previously worked with Pilbara iron ore giant, Fortescue Metals Group; and they are the incumbent contractor at Galaxy Lithium for the past six years, with that work continuing. The selection of Rapid Crushing for crushing services reinforces the assumptions made within the scoping study to deliver a C1 cost of approximately US$60/t.

Highlights:

• Rapid Crushing is one of the largest, privately and independently owned crushing contractors in Australia.
• Rapid Crushing is a well-known, established and regarded market leader with extensive experience in iron ore and other hard rock mining.
• IOCA has secured costs for crushing and screening at a fixed price per tonne produced.
• The pricing submitted by Rapid Crushing supports and is consistent with the assumptions made by the scoping study to deliver a C1 cost of approximately US$60/t.
• The selection of Rapid Crushing paves the way to finalise the updates to the financial model as the company continues to progress the remaining studies and regulatory workstreams required for a final investment decision for the Hancock Project.
• The selection of Rapid Crushing validates the company’s primary procurement efforts and Rapid Contracting is the last key contractor to be selected. There are only ancillary packages that remain.
• The award of this contract remains subject to the completion of a positive definitive feasibility study (DFS), approvals, funding and the Board making a final investment decision.

Troy Whittaker, Chief Executive Officer, comments:

“We are pleased to announce that Rapid Crushing has been selected as the preferred tenderer for crushing and screening operations at our Hancock Project. Rapid Crushing’s significant hard rock mining knowledge and experience, particularly in iron ore, will be of great benefit to our overall operations.

“We will be working closely with Rapid Crushing to finalise optimisation activities that support the accelerated DFS work streams related to price opportunity as we prepare and execute the contractual documents.

“The selection of Rapid Crushing finalises the material procurement efforts for the Project. This will result in a high level of validated and secured costing for the Hancock Project.”

Read the article online at: https://www.globalminingreview.com/handling-processing/31082023/alien-metals-ioca-selects-rapid-crushing-as-preferred-contractor/