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Project : BROWNS OXIDE PROJECT - NICKEL/COBALT/COPPER/LEAD RESOURCE

Mining
Open Cut
  Estimated Project Value
$ 65,000,000
Address 7 Km North West of
Suburb Batchelor
State NT
Council Darwin City
Postcode 0845
Project Type Resource - Nickel/Cobalt/Copper/Lead
Development Type New
Status Firm
Stage Contract Let
Ownership Private
Notes
Mining In Progress Commissioning Expected Late May 2008
Commence Date 1/5/2008
Completion Date 7/9/2012
Details
  • The ore is to be mined, crushed, ground and slurried on site.
  • Ore will be processed in a onsite process plant and tailing will be stored in a onsite tailings dam.
  • The in-ground oxide resource estimate for the Batchelor region projects has an estimated value at over 1 billion dollars.
  • Measured resource is 18 million tonnes, indicated is 27 million tonnes and inferred is 37 million tonnes.
  • Metals in the ground are lead at 1,865,000 tonnes, copper 622,000 tonnes, cobalt at 98,000 tonnes and nickel at 90,000 tonnes.
  • There are also significant exploration prospects at Mount Fitch and Mount Burton.
  • Mine pre-stripping is to commence when the wet season is finished.
  • The Northern Territory and Commonwealth government has given approval to the project.
  • Initial site works comprising cutting fire breaks, land clearing and excavating limited foundation earths have been completed.
  • An agreement has been signed with a Chinese company Hunan Nonferrous Metals Corporation to joint fund the development of the project and future exploration.
 
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