Heliostar aims to reach production of more than 500,000 oz. of gold a year by 2030.
Iron ore is one of the year’s worst performing major commodities, slumping by almost a quarter as China’s property crisis drags on.
Ramp compares its project with the eye structure of the Nova-Bollinger nickel-copper mine in Western Australia.
Bullion climbed to an all-time high of $2,483.73 an ounce on Wednesday, before paring gains.
