Murchison, Mitsubishi and OPR on track with project

Murchison Metals Ltd has confirmed that its nominated infrastructure provide...

  Murchison Metals Ltd has confirmed that its nominated infrastructure provider Oakajee Port & Rail is on track with its port and rail proposal for Western Australia's mid-west region.OPR, in which Murchison and Mitsubishi Development Pty Ltd each have a 50% interest, will submit its proposal for the development of the Oakajee Port with the State Government by the stated deadline of 9 May 2008. Murchison Executive Chairman Paul Kopejtka said the OPR proposal will address the requirements of the WA Government in a comprehensive response. “OPR's proposal is financially robust and delivers a compelling solution to the infrastructure requirements of the mid-west iron ore miners and will benefit all stakeholders in the region,” said Mr Kopejtka. Murchison Metals Ltd is an emerging Australian iron ore producer listed on the Australian Stock Exchange.The Company is aiming to create shareholder wealth through mining and exporting high quality iron ore to world markets.Murchison Metals is the owner of the world class Jack Hills iron ore deposit located in the Mid West region of Western Australia. Jack Hills boasts a significant high grade iron ore resource suitable for low cost open pit mining.The Company has a strong, experienced and energetic hands-on management team dedicated to transforming Murchison Metals into a significant supplier of iron ore taking advantage of current strong demand for high quality iron ore in major Asian markets.