SRN Project - Iron Ore
Potential Resource Base
Located in the south-central portion of the State of Piaui in the northeast of Brazil, SRN has
completed geological mapping and modeling, air and ground geophysical surveying, surface
sampling, trenching, diamond drilling, metallurgical testing, and identification of its mineral resources. .
The Order of Magnitude Study (ODM) prepared by BNA-Micromine consultants concludes that
SRN’s mining rights contain 800 million metric tons of potential mineral resources having a 23%
average Fe content.
The Project will take advantage of the newly constructed Transnordestina Railway. Access from
the project site to the railway, located near the municipality of Paulistana, is via Highway BR-020
and Highway PI-140/BR-324, both newly paved and re-designed, two lane highways, at a distance
of approximately 130 km.
Rail transport from Paulistana extends approximately 900 km to the Port of Suape, located in the State of Pernambuco. The Port includes ample land area for expansion, berthing, storage and loading of iron ore onto Capesize dry bulk ships.