The Buzzard Project (Buzzard or The Project) lies within the Hawks Nest Exploration License (EL 6395) and is located approximately ~125km (by road) south-southeast of Coober Pedy and 2.5km from the Stuart Highway. Buzzard is ~50km southwest of Peak’s operating Peculiar Knob Mine. The Project is situated within the Traditional Lands of the Antakirinja Matu-Yankunytjatjara People, the Woomera Prohibited Area and McDouall Peak pastoral station.
Hawks Nest EL 6395 contains eight known iron deposits at varying stages of exploration that collectively make up the Hawks Nest Iron Project. The deposits include Buzzard and Tui, which are high grade (~60% Fe) direct shipping ore (DSO) hematite (Fe2O3), as well as Kestrel, Goshawk, Harrier, Eagle, Falcon and Kite which are predominantly lower grade (36% - 51% Fe) magnetite (Fe3O4). High grade hematite ore is referred to as DSO as it is naturally high in iron grade so complex onsite processing is not required. The ore goes through a relatively simple crushing and screening process before being transported by road, rail, and ship to steel mills for use in steelmaking.
Peak is prioritising the development of the high grade Buzzard Hematite deposit, with extensional deposits scheduled as future developments
The Buzzard Mineral Claim (MC 4508) was registered by the Government of South Australia in December 2020. Both the Buzzard and Tui deposits lie within the boundaries of MC 4508 and are therefore collectively referred to as the ‘Buzzard Project’.
The Project has a mineral resource of 25.18 Mt @ ~60% Fe. Peak plans to extract the ore using standard open pit mining techniques – the same as Peculiar Knob. The ore is planned to be transported in bulk from the mine site by both road and rail to a port where it will be exported by ship from either Whyalla, Port Adelaide or Port Augusta.
The Maluku Kuru Village that was constructed by Arrium at Windy Valley (~65km south of Coober Pedy and ~68km north Buzzard) in 2011 is likely to be re-established for ~150 mining personnel. Approximately 50 road and rail haulage personnel will also be employed. They may be accommodated at either Maluku Kuru Village or Glendambo depending on whether the ore is hauled to Wirrida or Kultanaby.
Proposed infrastructure to support the Buzzard Project includes an access and haul road to the Stuart Highway, ore processing facilities (crushing and screening plant and a potential magnetic separation plant), waste rock dump, run of mine (ROM) pad, explosives magazine, bores, pipelines, and process water facilities including an reverse osmosis plant, power generation and distribution facilities, communications facilities, maintenance and administration facilities, accommodation facilities, rail loading facilities, and other mine support facilities such as maintenance sheds.
Now that MC 4508 has been registered, the next phase of approvals will be the Mining Proposal and subsequent grant of a Mining Lease followed by a Program for Environmental Protection and Rehabilitation (PEPR). Consultation with stakeholders and community will be undertaken throughout the approvals process.
Peak intends to commence construction of the Buzzard mine in Q4 2021 - Q1 2022.