Strike Resources (ASX:SRK) has taken a decisive step toward revitalising its flagship Apurimac Iron Ore Project in Peru by entering into a memorandum of understanding with Peruvian logistics firm Naviera Petral.
The agreement establishes a framework for port services at the proposed San Nicolas Port Project, located on Peru’s southern coast.
The MOU positions Strike as a "foundation user" of a sophisticated deep-water facility.
Petral’s planned infrastructure includes a ship-loading rate of 20,000 tonnes per day and natural water depths of 20m, capable of accommodating massive bulk carriers ranging from 60,000 to 200,000 DWT.
This logistical gateway is critical for Strike's Apurimac deposit, which hosts a substantial high-grade JORC resource of 269 million tonnes at 57.3% Fe.
A key strategic advantage of the San Nicolas site is its integration with the Peruvian Government’s proposed Andahuaylas–San Juan de Marcona Railway.
"Access to scalable, deep-water port infrastructure is essential to unlocking the full value of our high-grade resources," stated Strike Executive Chairman Farooq Khan.
While the MOU is currently non-binding, it sets a three-year timeline for construction following a definitive agreement.
At the time of reporting, Strike Resources' share price was $0.048.