Indus eyes greenfield opportunity

Indus Mining is hoping it is just six months away from loading its first iron ore shipment from a new mine, 180km south of Wyndham.

The mining services company will submit a proposal to the Department of Mines, Industry Regulation and Safety this month seeking approval to mine greenfield site Matsu, just 15km from its Ridges mine.

Indus began operating the Ridges mine site in July as part of a joint venture with Habrok Mining and Ridges Iron Ore, after it was mothballed by tenement holder Kimberley Metals Group in 2015.

Development of the Matsu project comes as Indus winds down operations at Ridges, where production is flagged to cease in August.

Matsu has a mine life of at least two years, with a 3.2 million-tonne reserve of high-grade ore at the site, set for export from the Wyndham port to China.

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