Juno Minerals signs MoU to access capacity at Esperance Port
Juno Minerals (ASX:JNO) has executed a non-binding memorandum of understanding (MoU) with Southern Ports Authority (SPA) for access to capacity in the iron ore circuit at Esperance Port.
Under the MoU, Juno will work with the Esperance Port on key deliverables to seek an allocation of 1.5mtpa capacity through the iron ore circuit.
Logistics supply chain requirements to accelerate the development of the Mount mason direct shipping ore (DSO) hematite project is now complete.
Additionally, minor works were also identified at the Esperance Port to facilitate shed space and access, which will be designed and costed.
Production for the Mount mason DSO hematite project is planned at 1.35mtpa and while it is a smaller and higher cost producer compared to the major companies, it is required to ensure continued and profitable operations.
With iron ore prices remaining unstable, hedging contracts will be needed to underpin project development at higher iron ore prices.
Juno has worked to put steps in place to secure higher pricing at the right time that will advance a final investment decision for project development.
Southern Ports Authority will now formally begin the costings for the work required at Esperance Port to accommodate Juno.
 has executed a non-binding memorandum of understanding (MoU) with Southern Ports Authority (SPA) for access to capacity in the iron ore circuit at Esperance Port. ){kind=link}