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Project : GOONDICUM CRATER PROJECT

Mining - Primary And Secondary Processing
Minerals Processing
  Estimated Project Value
$ 5,000,000
Address Near
Suburb Monto
State QLD
Council North Burnett Regional
Postcode 4630
Project Type Demonstration Plant
Development Type New
Status Firm
Stage Contract Let
Ownership Private
Notes
Funding For Demonstration Plant In Place Project Due For Completion February 2004 Approx
Commence Date 2/12/2003
Completion Date 1/2/2004
Details
  • Consultants are to review the plans for the Demonstration Plant utilising the natural slope of the land to reduce construction costs.
  • A design throughput rate of 20 tonnes per hour remains and the plant is planned to run for 75 days to produce a minimum of 1000 tonnes ilmenite, 2400 tonnes feldspar, 300 tonnes apatite and 600 tonnes titano-magnetite.
  • The project cooperation agreement is with John Holland Development and Investment.
  • JHDI will commit in cash and kind $1.37 million .
  • Monto with JHDI's support will design construct and operate a demonstration plant at the Goondicum project site.
  • The company held a shareholder meeting to approve issue of shares to investors who will contribute to the fundraising for the demonstration plant phase.
  • All resolutions were passed.
 
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