BBI Group has put another piece of the puzzle in place for itsproposed $6 billion Balla Balla iron ore port and rail project in the Pilbara. 

The company, jointly owned by New Zealand’s Todd Corporation and Nic Curtis’ Nyco, announced yesterday an option agreement with Mineral Resources to acquire its Weelumurra iron ore asset in the Central Pilbara. 

MinRes picked up the asset in its 2009 takeover of Polaris Metals. 

The project is about 15km south of BBIG’s proposed rail head and stockyards. The company believes Weelumurra hosts about 200 million tonnes-plus exploration potential. 

BBIG chief executive Nic Curtis said securing Weelumurra was an important step in the company’s efforts to progress the project to a final investment decision. 

BBIG is also planning an exploration program at its Central Pilbara Hay Stack Flat tenement application at the southern border of the Millstream Chichester National Park. The company believes it has potential for iron mineralisation of up to 400 million tonnes. 

The company is planning a 50Mtpa operation comprising a 162km railway linking stranded iron ore deposits and a port between Karratha and Port Hedland. 

Image: A BBI Group Train. Credit BBI Group