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Nevada Iron Strengthens Buena Vista Expertise With U.S. Based Project Manager Appointment

Nevada Iron (ASX: NVI) is broadening the skill base assigned to its near term production Buena Vista Iron Project in Nevada with the appointment of Chris Tanner as U.S.-based project manager.

Tanner, whose most recent role was as global construction project manager for Idaho-based Coeur D'Alene Mines, will be responsible for finalising the scope, costs, schedules, all project approvals and permits and managing the construction of the Buena Vista Project.

He has 18 years experience in project design and development in Texas, California, Bolivia, Argentina, Mexico and, importantly, Nevada.

With Coeur D'Alene Mines, Tanner was responsible for developing and managing all major capital improvement projects for the company globally, including an underground paste tails project in Alaska, filter plant in Bolivia, new crusher and conveyors in Nevada and new mine developments in both Mexico and Argentina.

Prior to his appointment with Coeur, Tanner was project manager for Nevada-based Hycroft Resources, where he was responsible for engineering, procurement and construction management for all capital improvement projects at the Hycroft gold mine.

He has also worked as a senior project engineer at the Kinross Round Mountain Mine in Nevada and as assistant project manager for the construction of the $1.5 billion Minera Penasquito Project for Goldcorp in Mexico.

In his new role with Nevada Iron, Tanner will establish a company office in Reno, Nevada from which he will build the development team that will take the Buena Vista Project through scope finalisation, permitting and construction phases.

Mick McMullen, Nevada Iron chairman commented on the appointment:

"We are pleased to have secured such a high calibre candidate as our first U.S.-based employee. The engagement of Chris is an important and crucial step in advancing the company along the project development path."

Nevada Iron is rapidly advancing towards production at the Buena Vista Project, with the company on track to begin commissioning before the end of 2012.

The company recently completed a review of the project to assess changing the scope of the project and optimising it where possible.

This review, while not yet complete, found that increasing the Phase 1 plant throughput from 4.8 million tonnes per annum to a minimum of 6 million tonnes per annum will be beneficial for project economics.

Also, scheduling higher grade mineralisation in the initial years of the project has been deemed possible, with substantial economic benefits.

Further upside stems from the development of a Phase 2 project, which will enhance the economics and make the project more attractive to offtake financing partners.

To more fully scope the project, Nevada Iron has committed to an aggressive exploration program targeting an increase in the existing JORC Resource, as well as a conversion of the known higher grade exploration targets and prospects to JORC Resources.

Buena Vista has an Indicated Resource on the West deposit of 100.2 million tonnes at 20.3% total iron, based on true density values.

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