Buena Vista Magnetite Project
Buena Vista is located approximately 160km east-north-east of Reno in the mining friendly state of Nevada, United States.
The project was discovered in the 1890’s, and in the late 1950’s to early 1960’s around 900,000 tonnes of direct shipping magnetite ore with an estimated grade of 58% Fe was mined.
In the 1960’s US Steel Corporation acquired the project and carried out an extensive exploration program including 230 diamond drill holes and considerable metallurgical test work.
In excess of A$34 million has been expended on the Project over the past decade completing feasibility studies and permitting for the long term production of a +67.5 % Fe magnetite concentrate with no deleterious impurities.
The mine site is around 50kms from the Union Pacific rail line which connects with multiple export port options including Stockton, West Sacramento, Oakland, San Francisco and Richmond (Levin).
Grid power is available within 40km of the deposits and sufficient water can be sourced from ground water aquifers located in the North Carson sink. The Nevada Department of Conservation and Natural Resources has already granted the required water rights for the life of the mine.