NSL consolidated prepares for March production of 63% Fe filter cake

By Trevor Hoey. Published at Feb 28, 2017, in Mining

NSL Consolidated (ASX: NSL) confirmed on Tuesday that a visit by BMM Ispat (BMM) to the group’s Phase Two Wet Beneficiation Plant will be conducted for specification inspection of initial tonnes produced under the purchase order for the supply of 4,000 tonnes of 63% Fe filter cake (wet plant product).

Expected to occur this week, this is a significant milestone for the company as it is the precursor to dispatch of the wet plant product.

In the interim, NSL is progressing other commercial discussions with multiple customers for its wet plant product, and it also continues to investigate export prospects into the improving seaborne iron ore market.

During the past two weeks of optimisation ramp up, the operation has experienced reduced iron ore slurry pump performance. This is now being rectified with spare parts due on site in the coming days. Replacements are expected to be completed progressively this week.

This news appears to have had a negative impact on the company’s shares on Tuesday morning, as they have fallen by more than 10%. However, this could represent a buying opportunity given that the repairs should be completed in time for production of ore for BMM.

Of course share trading patterns should not be used as the basis for an investment as they may or may not be replicated. Those considering this stock should seek independent financial advice.

NSL continues to beneficiate low-grade iron ore waste to 62% plus Fe

NSL has been able to repeatedly beneficiate low grade iron ore waste as low as 14% Fe feed regularly to in excess of 62% Fe and with the confirmed imminent sales, the company is preparing both human and physical resources to address the sharp uptick in production.

NSL is the only Australian or foreign company to own and operate in India’s iron ore market, having established a plant that will produce premium price iron ore product nominally grading between 58-62% Fe at around 200,000 tonnes per annum. The plant at the existing NSL stockyard will be fed material from NSL’s mines and third party sources.

The company enters this important transitionary period debt free with a strong balance sheet and ample cash reserves, leaving it with head room to make acquisitions and/fund internal growth.

Where to invest $1,000 right now

When the experts at Next Investors have a stock pick, it may pay to listen.

The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.

They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.

Click the link below to see what they are currently investing in.


S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!