The Dordabis Iron Ore Project yields exceptionally pure high grade iron ore concentrates suitable for zero carbon emission steel making. Lodestone Namibia Dordabis Project
The project is privately funded, and all technical work has been done to investment grade stock listing standards as well reviewed and endorsed by Anglo American Marketing Limited.
Placing Namibia
on the Atlantic Iron Ore Map
Lodestone Nambia Dordabis Project, located in central Namibia, will at its full potential produce up to 4 million tons of high grade iron ore concentrate supplying directly reduced iron & steel plants.
Minable reserves declared hold more than 29 million tons of high grade concentrate (66% Fe, 1.9% SiO2, 0.44% Al2O3). A further 100 million tons of this high grade scalable concentrate is reasonably expected to be found on the same exploration property. Lodestone Nambia Dordabis Project
Project Features
The first phase of Dordabis project (0.85 mio. tons per year 66% Fe concentrate) is investment and implementation ready with an attractive capital intensity, balanced risk/reward scenario & sustainable long term FOB supply price with a rapid time to market.
The Dordabis project is the foundation for the vision to become a vertically integrated green steel producer in one of the world’s leading green hydrogen hubs. Hyron Steel Africa & Lodestone Namibia aim to produce a finished green steel produced from Namibian resources in a traceable and sustainable way that recognises fossil fuel driven steel making will become obsolete in the generations to come.
Lodestone successfully exported an inaugural 52,000 ton shipment of seaborne iron ore fines (59% Fe) in August 2021 which has proven a viable logistics solution from mine to overseas customers.
Lodestone has established a strong technical, marketing, and commercial relationship with Anglo American Marketing Limited, the premium supplier of iron ore to this region. This relationship yields long term value and synergies for customers of high grade product blends.