Perth, Australia (ABN Newswire) - Australian based iron ore development company, Kogi Iron Limited (ASX:KFE) ("Kogi", "Kogi Iron", or the "Company") and it's 100% owned Nigerian operating company, KCM Mining Limited ("KCM") are pleased to announce the typical indicative analysis of the proposed Agbaja Fines product for its 100% owned Agbaja Iron Ore Project ("Agbaja" or "Agbaja Project").

The typical analysis for "Agbaja Fines" is illustrated in Figure 1 below, and is based on Preliminary Feasibility Study ("PFS") metallurgical test-work and processing plant design incorporating bioleaching.

Kogi Iron's Managing Director, Iggy Tan said that "the product specification is currently being used in discussions with potential off take customers and partners. To date there has been sound interest in the proposed Agbaja Fines product and discussions are ongoing as the Company progresses towards the completion of its Preliminary Feasibility Study."

"Favourable attributes of Agbaja Fines will include low silica values, high loss on ignition and the coarse nature (250 micron) of the final product. With initial transport via river barging, followed by transhipment to Cape size ocean going vessels, the Company will be well positioned to provide cost effective cargo sizes for customers", said Mr Tan.

To view the product specifications, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-KFE-663830.pdf



About Kogi Iron Limited:

Kogi Iron Limited ("Kogi Iron" or the "Company") is an ASX listed company focused on being an African iron ore producer through the development of its 100% owned Agbaja iron ore project located in Kogi State, Republic of Nigeria, West Africa ("Agbaja" or "Agbaja Project").

In recent years Nigeria has sought to diversify its economy, which is dominated by hydrocarbons, into minerals and related industries. Nigeria is the largest country by population in Africa. Nigeria had a GDP real growth rate of 7.2% in 2011, and in 2007 passed a new Mining and Minerals Act, which includes favourable fiscal terms for foreign investment in mining.

The Company holds a land position of approximately 400km2 covering 15 tenements, with the main focus being EL12124 covering most of the Agbaja Plateau. The Agbaja Plateau hosts an extensive, shallow, flat-lying channel iron deposit with an Inferred Mineral Resource of 488 million tonnes with an in-situ iron grade of 42.7% reported in accordance with the JORC Code. This mineral resource comprises approximately 20% of the prospective Agbaja plateau area within EL12124. The Agbaja Project is uniquely positioned with transport infrastructure access to Warri port via an existing and underutilised standard gauge railway, and the Niger River for barging.



Source:

Kogi Iron Limited



Contact:

Kogi Iron Limited
T: +61-8-9200-3456
E: info@kogiiron.com  
WWW: www.kogiiron.com