Strike Resources is poised to ship its maiden cargo of Apurimac Premium Lump direct shipping iron ore (DSO) sourced from its Apurimac Project in Peru.
Strike, which is targeting multiple repeat shipments with the objective of securing annualised sales of ~250,000 tonnes from project, said the first shipment of 35,000 tonnes of ore is currently being loaded on board the bulk carrier MV Federal Nakagawa at the Port of Pisco in Peru.
According to the company’s statement, the vessel is scheduled to head for China, where under the terms of Strike’s offtake agreement with Good Importing International, it will deliver its load within a month.
Managing Director William Johnson said the company has received a further US$2.5 million from Good Importing as part prepayment for this first shipment, in addition to US$2 Million previously received by Strike.
“The loading of the first shipment of iron ore from the Port of Pisco is a major milestone in the development of Strike’s 100% owned high grade Apurimac Iron Ore Project in Peru,” Mr Johnson continued.
“Strike continues to focus on building its local infrastructure in Peru to support an increased annualised production rate in the near term.”
