Developing Projects

Company
Arafura Resources Limited

Contact
Brian Fowler – General Manager Northern Territory and Sustainability
Phone: (08) 8947 5588
Email: arafura@arultd.com

Location
135km north-west of Alice Springs.

Description
New mine. Open cut mining, beneficiation to a mineral concentrate and subsequent chemical processing to rare earth products for export. Additionally a merchant grade phosphoric acid product will be exported.

Product
Rare earths and phosphoric acid

Resource
56 Mt containing 2.6% REO, 12% P₂O₅

Reserve
29.5 Mt containing 2.9% REO, 13% P₂O₅

Mine life
38 years based on mining inventory

Approvals

• Environmental – Environmental impact statement (EIS) submitted May 2016, EIS supplement lodged in February 2017 and update in October 2017. EIS assessment completed with Northern Territory Environmental Protection Authority (NT EPA) assessment report and recommendations issued December 2017.
• Assessment completed by the Department of Environment and Energy, Canberra with approval issued in May 2018 (consistent with NT EPA recommendations).Section 14A variation (under the Environmental Assessment Act) assessment completed with NT EPA Statement of Reasons issued September 2019.
• Community – Native Title Agreement executed with Native Title Holders in June 2020.
• Mining – Project Mineral Leases granted July 2020. All major components of Mining Management Plan submitted to government in Dec 2021.

Proposed schedule

• Targeting FID in August 2022 with first production towards end of 2024.
• Construction – H2 2022, subject to approvals and finance
• Production – End 2024

Jobs

• Construction – 620
• Operations – 280 (full time)

Capex
$1,056 million (ASX 11 May 2021).

Company
Core Lithium Limited

Contact
Blair Duncan – Chief Operations Officer
Phone: 0448 883 204
Email: bduncan@corelithium.com.au

Location
32km south south-west of Darwin and 36km west north-west of Berry Springs.

Description
Proposed open cut mining operation using conventional mining techniques. The ore is an inert pegmatite which will be processed by crushing, screening and dense media separation to produce a pegmatite concentrate. No chemical processing is required. Product will be transported 88kms by road to Darwin Port for export. Definitive feasibility study completed in April 2019. Upgraded Definitive Feasibility Study in Q2 2021 with FID in Q3 2021 to enable production start in H2 2022.

Product
Pegmatite concentrate (5.5% Li₂O)

Resource
2.89 Mt @ 1.48% Li₂O at Grants deposit.
Global resource of 14.7million tonnes @ 1.32%Li2O for Finniss Project.

Mine life
Initial 3.5 years (from DFS2019) – BP33 deposit will extend mine life to 7 years.

Approvals

• Environmental – in progress – the draft Environmental Impact Statement (EIS) submitted in November 2018 and supplement to EIS submitted in March 2019. Environmental approvals June 2019.
• Mining – MMP approvals expected April 2020. Finance finalised Aug 2021 and FID announced 30 Sept 2021 (ASX: 30/09/2021). Construction commenced.

Proposed schedule

• Construction – Q4 2021
• Production – Q4 2022 (ASX: 30/09/21)

Jobs

• Construction – 250
• Production – 250

Capex
$89 million (ASX 26 July2021).

Company
KGL Resources Limited

Contact
Denis Wood – Executive Chairman
Phone: (07) 3071 9003
Email: infor@kglresources.com.au

Location
Approximately 380km by road north-east of Alice Springs.

Description
Reopen old mine based on open cut and underground operation. Ore will be processed via conventional flotation processing facility to produce a copper concentrate. A second product of lead zinc concentrate will also be produced in certain ore zones. Project undergoing further optimisation studies

Product
Copper concentrate with silver and gold credits plus a separate lead and zinc concentrate with silver and gold credits

Resource

22.87 Mt @ 2.04% Cu & 25.7 g/t Ag and 0.25g/t Au (containing 465,000 tonnes Cu, 18.9 million ounces Ag & 187,100 ounces Au)

Reserve
9.4 Mt @ 2.41% Cu, 32.9 g/t Ag & 0.39 g/t Au

Mine life
7.5 years (mine plan based on only 56% of total resource)

Approvals

• Environmental – Project variation submitted January 2017. Revised terms of reference for Environmental Impact Statement (EIS) issued August 2017. EIS submitted in October 2018. Supplement to EIS submitted July 2019. NT EPA recommendations for Project to proceed received 30 September 2019.
• Mining – Mining Management Plan approved and Authorisation granted in Jan 2021. Groundwater extraction licence granted April 2021 & surface water licence in July 2021.  Some preliminary construction may commence H1 2022 prior to FID in mid-2022.

Proposed schedule

• Construction – H2 2022, subject to finance
• Production – Mid 2024

Jobs

• Construction - peak 300
• Production - peak 300

Capex
Initial Capex of $200 million (from PFS Dec 2020).

Company
Primary Gold Propriety Limited, a wholly owned subsidiary of Hanking Australia Investment Propriety Limited

Contact
Dr Mark Qiu – Managing Director and Chief Executive Officer
Phone: (08) 6143 6700
Email: qiuym@hanking.com.au

Location
Approximately 90km east of Darwin.

Description
The company recently received the final assessment report of its EIS om the Tom’s Gully Gold Project. The company is currently focused on the Mine Management Plan (MMP) for re-start of the Tom’s Gully Underground Mine. Construction is scheduled to start in the second half of 2020. The company continues doing regional exploration programs and is reviewing all past studies to update to todays economics and gold price. Subject to MMP approval, the company plans to commence underground development and refurbishment operations in H1 2021 subject to mining approvals.

Product
Gold

Resource
Global resource 54 Mt @ 1.03g/t Au (1.8Moz gold)
Ore reserve 775,000 tonnes at 6.9g/t Au (175koz gold)

Mine life
5 years

Approvals

• Final Assessment and recommendations received from NT EPA in March 2020.
• Mining approvals targeting H2 2022.

Proposed Schedule

• Construction – H2 2022
• Production – 2023

Jobs

• Construction – 50
• Production – 104

Capex
$62 million

Company
TNG Limited

Contact
Paul Burton – Managing Director
Phone: (08) 9327 0900
Email: peb@tngltd.com.au

Location
235km north of Alice Springs.

Description
Open pit mining and onsite processing to produce a magnetite concentrate. Concentrate railed to processing site near Darwin to produce high purity iron, vanadium and titanium products. New processing technology developed. Definitive feasibility study completed July 2015 and updated in November 2017. Optimised delivery strategy released September 2019.

Product
High purity Vanadium (99% V₂O₅), Titanium Pigment and Iron oxide product

Resource
160 Mt @ 0.3% V₂O_5, 5% TiO₂, 23% Fe (120 Mt Measured JORC resource)

Mine life
Approximately 37 years

Approvals

• Environmental Assessment Report and Recommendations issued by Northern Territory Environment Protection Authority in January 2018.
• Federal EPBC environmental approval issued by Department of Environment and Energy in May 2018.
• All mineral leases and access authorities for the Mt Peake Mine and infrastructure were granted in November 2018.
• Mining Management Plan submitted in October 2019 and amendments submitted in Nov 2020.
• EIS submitted for Darwin processing Facility in October 2019. Supplement to the EIS submitted in February 2021.
• Darwin Processing Facility Crown Land Lease currently under negotiation. Project Development Agreement discussions commenced.
• Federal Major Project Status awarded March 2021. A revised EIS & Mining Management Plan, for the integrated site is in progress.

Proposed schedule

• Construction (Mine) – 2023
• Production (Mine) – 2025

Jobs

• Construction  – up to 1600
• Production  – up to 1000

Capex
$824M for mine and refinery (from Optimisation Strategy Sept 2019). TNG aim to deliver revised Capex (and Opex) based on the fully integrated facility during Q2 2022.

Company
Avenira Limited (Minemakers Australia Pty Ltd)

Contact
Brett Clark – Chairman
Phone: (08) 9264 7000
Email: bclark@avenira.com

Location
250km east of Tennant Creek.

Description
Proposed open cut mine with processing on-site using improved hard process (IHP) to produce super phosphoric acid (SPA) @ 70% P₂O₅.

Phased development with the first production train producing 181,000 t P₂O₅ per annum, progressively increasing to 0.9 Mt per annum over six year period.

Product
Super phosphoric acid (SPA)

Resource
842 Mt @ 18.1% P₂O₅(10% cut-off ); 1,406 Mt @ 13.5% P₂O₅ (5% cut-off )

Mine life
>30 years

Approvals

• Environmental: June 2013.
• Mining – pending validation of IHP technology.

Proposed Schedule

• Development schedule dependent on successful validation of IHP technology.
• July 2017- secured funding to accelerate next step to commercialise IHP technology.
• March 2018 new demonstration plant completed with first test run in June 2018. August 2018, Avenira reported successful production of super-phosphoric acid from low quality rock phosphate. Further upgrade the commercial demonstration plant for on-demand sustained operations.
• During 2019, Novaphos (formerly JDC) made additional improvements to its technology, further enhancing the efficiency and reliability and has initiated a process of engagement with major phosphate producers and engineering companies to fully commercialise the Novaphos (IHP) technology. Scoping Study commenced for concentrate and MAP/DAP processing project. PFS due to commence H2 2022 and BFS due to commence in 2023 with FID in 2024.

Jobs

• Construction – Up to 200
• Production – 110 rising to 350 at full production

Capex
Estimated initial capital $350 million (stage 1) increasing to $1.2 billion over six years.

Company
Castile Resources Pty Ltd

Contact
Mark Hepburn – Managing Director
Phone: (08) 9488 4480
Email: mark.hepburn@castile.com.au

Location
Approx 70 kms SW of Tennant Creek

Description
The IOCG Rover 1 deposit will be the first mine to be developed in the Rover Mineral Field located to the south west of Tennant Creek. The Project will involve the development of an underground mine with onsite processing facility and associated infrastructure. A positive Scoping Study was announced in 2010. Commencement of Pre-Feasibility Study in Mar 2020. Recent completion of resource drilling at Rover 1 will result in an upgraded Mineral Resource Estimate and release of the Pre-Feasibility Study in May/June 2022. Environmental, geotechnical and metallurgical studies are in progress.

Phased development with the first production train producing 181,000 t P₂O₅ per annum, progressively increasing to 0.9 Mt per annum over six year period.

Product
Gold, Copper, Cobalt, Silver, Bismuth and Magnetite

Resource

4.75 million tonnes @ 1.73 g/t Au, 1.63% Cu, 2.30 g/t Ag, 1.2% Cu, 0.11% Bi, 0.08% Co (JORC 2012). Updated Resource released Mar 2022, including a high grade 96.6% magnetite product.

Mine life
To be determined upon completion of Pre-Feasibility Study.

Approvals

• Environmental – Environmental studies in progress. Referral to be submitted in 2022 after release of Pre-Feasibility Study.
• Mining – Mining approvals subject to environmental approvals and MMP.

Proposed Schedule

• Construction – TBA
• Production – TBA

Jobs

• Construction – TBA
• Production – TBA

Capex
TBA

Company
Northern Iron Pty Ltd

Contact

Nathan Doab – Project Manager

Phone: 0438 925 944
Email: nathan@northern-iron.com.au

Location
Approx 50 kms NW of Tennant Creek

Description
Reprocessing of the Warrego Tailings through excavation and processing through a wet magnetic separation plant to produce a magnetite concentrate. Non-magnetic tailings will be dewatered and deposited back into the existing tailings dams and rehabilitated. The process will reduce the tailings by approx. half of the original quantity. No chemical processing or treatment will occur. Magnetite concentrate will be trucked to Argyle Rail Siding (along the Warrego Road) and railed to Darwin Port for export.

Product
Magnetite concentrate (high grade).

Resource

9.11 Mt of tailings (JORC 2004) containing 1.91 Mt Fe @ +67%

Mine life
3-6 years

Approvals

• Mining Management Plan submitted in Feb 2022. Targeting approvals in Q2 2022.

Proposed Schedule

• Construction – Mid 2022, subject to finance
• Production – H2 2024

Jobs

• Construction – 20-30
• Production – 30-40

Capex
$48 million

Company
Core Lithium Limited

Contact
Blair Duncan – Chief Operations Officer
Phone: 0448883204                                          Email:bduncan@corelithium.com.au

Location
Approx 38 kms SSW of Darwin and 5.8 kms SSE of Grants mine.

Description
BP33 (stage 2 of the Finniss Project) is a proposed underground mine involving a box-cut portal to a depth of 60-70m and construction of approx. 2150 metres of decline to access mine production levels over a four year mine life. Ore will be transported approx. 7.5 kms along a purpose built haul road to the Grants open pit mine and processing plant. No chemical processing is required. Product will be transported 88 kms by road to Darwin Port for export.

Product
Pegmatite concentrate (6% Li2O)

Resource
2.3 million tonnes @ 1.4% Li2O (ASX: 26/07/2021)

Mine life

Approx 4 years (from NOI)

Approvals

• Environmental – The Notice of Intent (NOI) was submitted on 30 April 2020 and on 14 September 2020 the EPA determined that the project would be assessed as a Supplementary Environmental Report under the new Environment Protection Regulations. . Mineral Lease ML 32346 granted on 13 Jan 2021. SER submitted.
• Mining – Mining approvals subject to environmental approvals and MMP.

Proposed Schedule

• Construction – 2024
• Production - 2025

Jobs

• Construction – 60
• Production – 125 -150 (for Finniss Project)

Capex
TBA

Company
Linecrest Pty Ltd

Contact
Rodney Illingworth – Managing Director
Phone: 0439 844 830                                          Email:rodney@rai.net.au

Location
Approx 180 kms SE of Darwin and 25 kms NE of Pine Creek.

Description
Reopen the Frances Creek Iron Ore Mine.to extract remnant ore from existing open pits. Conventional open pit mining with onsite crushing and screening of DSO and DSM material. No chemical processing or treatment will occur. Ore will be trucked to the nearby Frances Creek rail siding and railed to Darwin Port for export.

Product
Iron ore lump and fines @ ~ 60% Fe

Resource
23 Mt @ 53% Fe

Mine life

Initial mine life of 7 years

Approvals

• Environmental – 2006.
• Mining – subject to approval of MMP. Mining Management Plan (MMP) submitted in March 2022.

Proposed Schedule

• Construction – H2 2022
• Production - H2 2022

Jobs

• Construction – 50
• Production – 150

Capex
US$10M million

Company
Enova Mining Limited (formerly Crossland Strategic Metals Limited)

Contact
Eric Vesel – CEO/Executive Director
Phone: +60199887931 (KL) +61419802839 (Aust)

Email: contact@enovamining.com

Location
Approximately 95km west north-west of Alice Springs.

Description
Potential new mine. Open cut mining and processing through a wet and dry mineral concentrator to produce a high grade (40%+) TREO concentrate with further plans to refine to produce rare-earth group products.

Product
Rare earths carbonate, zircon and possibly other heavy mineral by-products.

Resource

2004 JORC compliant resource study released in 2013. Indicated - 387Mt containing 114,050 tonnes TREO and 195,000 tonnes zircon and inferred - 418Mt containing 121,100 tonnes TREO and 220,000 tonnes zircon.

Mine life
Scoping study released in 2013 based on 20 years + (additional potential).

Approvals

• Development proposals yet to be submitted.

Proposed Schedule

• Drilling program completed in March 2019.
• During 2020-21 the company completed laboratory hydrometallurgical tests to assess leach extraction of rare earth and scandium metals. As of Dec 2021, specialist consultants are updating the resource model and reviewing testwork and process concept for completion of JORC Resource estimate expected to be complete by mid-2022 & Scoping Study later in the year (subject to finance).

Jobs
150

Capex
$250 million.

Company
GTGF Australia Limited

Company
Kirkland Lake Gold – NT Mining Operations Pty Ltd

Contact
Mark Edwards – Project Director, NT Operations
Phone: (08) 8982 4444
Email: MEdwards@klgold.com.au

Location
Approx 175kms south-east of Darwin and 20kms north of Pine Creek.

Description
Proposed underground mining operation with onsite processing at existing Union Reefs processing plant. Mining of mineralised trends below the previously mined Union North, Prospect, Lady Alice and Crosscourse Pits. Underground operations will be accessed via a portal and decline from within the existing Prospect Pit. Ore will be processed at existing Union Reefs processing plant.

Product
Gold dore

Ore reserve
Initially 276,089 tonnes containing 39,232 ozs gold.

Mine life
Initially two years

Approvals

• Environmental – Notice of Intent submitted to the Environment Protection Authority (EPA) in April 2019. EPA determined an environmental impact statement was required on 7 August 2019. Terms of reference currently being prepared. The referral to Federal Department of Environment and Energy determined the proposal to be a “Controlled Action” on 20 August 2019. The EIS was submitted on 25 November 2019 and the NT EPA completed the assessment process with release of the Environmental Assessment Report on 26 June 2020. Federal environmental approval was issued on 28 September 2020.
• Mining – subject to environmental and mining approvals (yet to be submitted).

Proposed schedule

• Construction – 2023/24
• Production – 2024/25

Jobs

• Construction – 16 - 20
• Production – 80

Capex
TBA

Company
Korab Resources Limited

Contact
Andrej Karpinski – Executive Chairman
Phone: (08) 9474 6166
Email: akk@korab.com.au

Location
Approximately 70km south of Darwin and 2km east of Batchelor.

Description
Potential shallow open pit mining operation with on-site processing through simple crushing, screening and sorting. Ore will be trucked to Darwin port for export. Results of the Feasibility Study released in January 2015 and updated in March 2018, September 2018 and April 2019.

Product
Magnesite (Magnesium Carbonate) DSO rock

Resource
16.6 Mt @ 43.2% MgO

Mine life

• Pre-feasibility study based on up to 12 years at variable mining rates.
• Current Mine Plan based on 300,000 tpa for 10 years or 600,000 tpa for five years.

Approvals

• Development proposals to be submitted in 2021.
• Development subject to environmental and mining approvals.

Proposed schedule

• Construction – 2023
• Production – 2024/25

Jobs

• Construction – TBA
• Production – Up to 120

Capex

Magnesium metal production - $409-422M (from Scoping Study).

$2.5 million (from pre-feasibility study).

Company
Linecrest Pty Ltd (a wholly owned subsidiary of NT Bullion Pty Ltd)

Contact
Rodney Illingworth – Managing Director Phone: 0439 844 830
Email: rodney@rai.net.au

Location
Approx 180 kms SE of Darwin and 25 kms NE of Pine Creek.

Description
Reopen the Frances Creek Iron Ore Mine.to extract remnant ore from existing open pits. Conventional open pit mining with onsite crushing and screening of DSO and DSM material. No chemical processing or treatment will occur. Ore will be trucked to the nearby Frances Creek rail siding and railed to Darwin Port for export.

Product
Iron ore lump and fines @ 60% Fe

Resource
23 Mt @ 53% Fe

Mine life
Initial mine life of 7 years

Approvals

• Environmental – 2006.
• Mining – subject to approval of MMP, expected to be submitted in Q4 2021.

Proposed Schedule

• Construction – Late 2021 / early 2022
• Production – H1 2022

Jobs

• Construction – 50
• Production – 150

Capex
US $10 million.

Company
Northern Territory Iron Ore Pty Ltd  (NTIO)

Contact
Bill Mackenzie – Managing Director
Email: bill.mackenzie@ntio.com.au

Location
420km south east of Darwin and 150km east of Mataranka.

Description
Conventional open pit mining from Deposits C, W and X. On-site processing will involve conventional crushing and screening, to produce 2-6 Mtpa of saleable iron ore. Ore will be transported by public roads to a purpose built Barge Loading Facility located near the mouth of the Roper River, from where it will be transhipped by barges to Ocean Going Vessels moored offshore in the Gulf of Carpentaria.

Product
Iron Ore (2-6 Mtpa)

Resource
>490 Mt @ 42% Fe, including >40 Mt @ 58% Fe

Mine life
>20 years

Approvals

• Environmental – notice of intent submitted to the Northern Territory Environment Protection Authority (NT EPA) in March 2017. In July 2017 the NT EPA required an environmental impact statement (EIS)  and issued terms of reference in November 2017.
• Environment Protection and Biosecurity Conservation (EPBC) Act referral – determined the project a “controlled action” on 29 June 2017.
• Mining – pending NT EPA assessment and EPBC approvals (for barging operation). On 1 February 2021, Al Rawda Resources Limited (ARRL) entered into a binding agreement with Dragon Resource Investments Pty Ltd to sell ARRL’s 100% ownership of NTIO for an undisclosed sum. Sale was approved by FIRB in May 2021 and completed on 4 June 2021. New owners currently reassessing project development options.

Proposed Schedule

• Construction – Targeting 2022
• Production – Targeting 2022/23

Jobs

• Construction – 200 - 400 (under review)
• Production – 150 - 300 (under review)

Capex
TBA

Company
PNX Metals Limited

Company
PNX Metals Limited

Contact
James Fox – Managing Director and CEO
Phone: (08) 8364 3188
Email: james.fox@pnxmetals.com.au

Location
Approximately 170km south south-east of Darwin.

Description
Re-open the historic Iron Blow and Mount Bonnie mines to establish open cut and underground mining operations and a regional 450,000 tpa processing plant at Fountain Head mine site. Scoping Study completed March 2016 and preliminary feasibility study completed in July 2017. Definitive feasibility study commenced and due in 2020.

Product
Zinc in concentrate, precious metals in concentrate.

Resource
4.15 Mt @ 4.4% zinc, 2.03 g/t gold, 128 g/t silver, 1% lead and 0.3% copper for contained metals of 182 Kt zinc, 271 Koz gold, 17.1 Moz silver, 41 Kt lead and 12 Kt copper

Mine life
6.6 years

Approvals

• Development proposals (NOI) submitted to the Northern Territory Environment Protection Authority (NT EPA) in August 2018. In December 2018, NT EPA determine environmental impact statement (EIS) required. Terms of Reference for EIS issued by EPA on 2 August 2019 and Draft EIS scheduled for submission in Q2 2020. EPBC referral submitted in Feb 2019 and determined as “Not a Controlled Action”. NOI submitted to NT EPA in Dec 2019 for priority development of open pit mining and gold processing at Fountain Head.
• Hayes Creek Project to be developed sequentially after Fountain Head Project.
• Mining approvals dependent on environmental approvals.

Proposed Schedule

• Construction – 2024/25
• Production – 2025/26

Jobs

• Construction – 150
• Production – 130

Capex
Approximately $65 million (PFS June 2021).

Company
Company Primary Gold Pty Ltd

Contact
Dr Mark Qiu – Managing Director and CEO

Phone: 0424288016
Email: qiuym@hanking.com.au

Location
Approx 100 kms SE of Darwin

Description
Reopen the Rustlers Roost and Quest 29 mine sites. The proposal will involve open-cut mining and expansion of all existing open-cut pits via conventional truck and shovel methods. No new pita are proposed. The mine sites are approx. 11 kms apart. Ore from both sites will be processed at a new Resin in Leach processing facility located at Rustlers Roost site to produce gold bullion. Ore will be processed at a rate of 3 million tonnes per annum over a 7 year mine life.

Product
Gold dore

Resource
54 million tonnes @ 1.0 g/t Au for 1.8 million ozs

Mine life
7 years

Approvals

• Environmental - Draft EIS submitted to NT EPA in Nov 2021.In Feb 2022 the EPA advised of further information for the Supplementary EIS. Supplementary EIS to be submitted in April 2022.
• Mining - MMP approval in June 2021. Finance and FID in H2 2022.

Proposed schedule

• Construction  – 2023
• Production  – 2024

Jobs

• Construction – 100+
• Construction  – 210

Capex
$350 million

Company
South 32 Pty Limited (GEMCO)

Contact
DK Mukhopadhyay
Email: RRGovernance@South32.net

Location
Approximately 650km south-east of Darwin.

Description
Develop a number of additional quarries on the Eastern Leases, approximately 2km east of the existing mine. Ore will be trucked to the existing GEMCO mine facilities for processing and exported from the existing Milner Bay port.

Product
Manganese (Grade ~43% Mn)

Resource
39 Mt of manganese ore (dry tonnes)

Mine life
Eastern Leases will extend the current operational mine life to FY31.

Approvals

• Northern Territory Environmental Assessment completed in March 2016. Commonwealth Environment Protection and Biodiversity Conservation approvals obtained in June 2016.
• Aboriginal Land Rights Act Mining Agreement obtained in May 2016.
• Mineral Leases granted in August 2016.
• Northern Territory Aboriginal Sacred Sites Act Authority Certificate obtained in November 2016.
• Mining Management Plan submitted in Sept 2021 and approved Feb 2022.

Proposed Schedule

• Construction – TBA
• Production – TBA

Jobs

• Construction – TBA
• Production – existing workforce

Capex
$160 million (from 2015 EIS).

Company
Tellus Holdings Ltd

Contact
Mr Nate Smith - Chief Executive Officer
Phone: (02) 8257 3395
Email: info@tellusholdings.com.au

Location
Approximately 120km south of Alice Springs.

Description
New mine. Development of an underground rock salt mine for industrial and edible salt and using the voids resulting from mining for secure storage of equipment and archives recovery of valuable materials and permanent isolation of difficult to manage wastes including hazardous chemical wastes as listed under the NT Schedule 2 of the Waste Management Pollution Control Regulations.

A surface storage and transfer facility will support operations at the Chandler Facility. Surface facilities include dry salt processing plant, offices, workshops, utilities services and an onsite accommodation. PFS (FEL2) completed in Q3 CY2016. Subject to the outcome of further negotiations regarding the Project’s Indigenous Land Use Agreement, all future work and capital expenditure is currently on hold. If an ILUA is reached, the Tellus Board will consider the remaining Project risks before approving future capital expenditure.

Product

Industrial and edible salts; Storage of equipment and archives; and long term storage, recovery and permanent isolation of difficult to manage chemical wastes.

Resource
309 Mt Halite (NaCl) JORC measured resource = 525 year mine life at an average of 500,000 tonnes per annum.

Mine life
Minimum 25 years with potential to exceed 100 years.

Approvals

• Environmental – NT environmental assessment process completed on 30 November 2017. Federal Environment Protection and Biodiversity Conservation approvals issued 11 September 2018.
• Project section 14A Amendment approved by NT EPA in June 2020.
• Mining – pending all environmental approvals, FEL 3 and Mining Management Plan.

Proposed Schedule

• Construction (Chandler Mine) –On hold until further notice
• Temporary storage at Chandler mine site – On hold until further notice
• Production – H1 CY2026

Jobs

• Construction – 270
• Production – 150 to 180

Capex
$676 million (including financing costs).

Company
Thor Mining PLC

Contact

Nicole Galloway Warland – Managing Director

Phone: (08) 7324 1935

Email: corporate@thormining.com

Location
220km north-east of Alice Springs.

Description
Proposed open pit mining operation with on-site processing by flotation to produce W and Mo concentrate. Definitive feasibility study upgrade completed in August 2018. Letter of Intent signed for tungsten offtake.

Development subject to finance. New exploration licence granted adjacent to project area. Additional drilling being undertaken to increase resource and mine life.

Product
Tungsten (scheelite) and Molybdenum concentrates

Resource
4.7 Mt at 0.28% WO₃ and 0.13% Mo (indicated and inferred).
Plus Bonya Copper deposit (230,000 t @ 2%Cu – inferred) (40% Thor).

Reserves
Open cut Ore Reserve of 3.5 Mt at 0.29% WO₃ and 0.12% Mo (probable).

Mine life
Initially seven year as open pit, with substantial upside potential from subsequent underground potential and from nearby outcropping Bonya tungsten deposits, and recently announced copper resource at Bonya.

Approvals

• Environmental – November 2011
• Mining – pending approval of Mining Management Plan.

Proposed Schedule

• Development subject to obtaining project finance and securing the balance of concentrate off-take agreements.
• Construction – 2023
• Production – 2024

Jobs

• Construction – 60
• Production – 70

Capex
$69 million

Company
Verdant Minerals Limited (formerly Rum Jungle Resources Ltd)

Contact
Chris Tziolis – Managing Director
Phone: (08) 8942 0385
Email: ctziolis@verdantminerals.com.au

Location
220km south east of Tennant Creek

Description
New mine – open cut strip mining operations with crushing and screening to produce Phosphate Rock Concentrate for export or conversion to phosphoric acid for export or further conversion to ammonium phosphate fertilizers.

Bankable Feasibility Study (DSO) was completed in May 2018. Takeover by CD Capital in June 2019 & company privatised – currently assessing phosphoric acid production option.

Product
500,000 tpa Phosphoric Acid

Resource
Global resource of 1.145 billion tonnes @ 14% P₂O₅ (10% cut-off) or 338 Mt @ 18% P₂O₅ (15% cut-off).
Measured resource of 138 Mt @ 15.7% P₂O₅ (10% cut-off).

Mine life
25 years plus (Potentially as much as 100 years).

Approvals

• Environmental – Oct 2018 (NT) & June 2018 (Federal). A variation to the Project for production of phosphoric acid is now required.
• Mining – pending grant of Mineral Leases & approval of Mining Management Plan.

Proposed Schedule

• Construction – 2023
• Production – 2026

Jobs

• Construction – 1000
• Production – 250

Capex
Estimate $2 billion

Company
Vista Gold Australia Pty Ltd

Contact
Brent Murdoch – Director and General Manager Australia
Phone: (08) 8941 9105
Email: bmurdoch@mttodd.com.au

Location
250km south of Darwin and 55km north of Katherine.

Description
Reopen the Mount Todd Gold Mine. Conventional open pit mining extracting up to 17.8 million tonnes per annum of ore for onsite processing through newly constructed CIL Plant. Pre-feasibility study and environmental impact statement completed.

Federal approval under the Environment Protection and Biodiversity Conservation (EPBC) Act was granted in Jan 2018. An update of the pre-feasibility study was completed in Jan 2018. The Mount Todd Agreement between the Northern Territory Government and Vista Gold has been extended until 2023. A further update of the Pre-Feasibility Study released in Sept 2019. Feasibility Study released Feb 2022.

Product
Gold dore (370,000 oz pa)

Resource
7.4 million oz of measured and indicated and 1.7 million oz of inferred

Mine life
19 years (including two years construction plus five years closure/reclamation)

Approvals

• Environmental – June 2014 (NT), Federal EPBC approvals issued Jan 2018.
• Mining – MMP approval in June 2021. Finance and FID in H2 2022.

Proposed Schedule

• Construction – 2023/24
• Production – 2025/26

Jobs

• Construction – up to 450
• Production – 400

Capex
US$892 million

Company
Winchelsea Mining Pty Ltd

Contact
Mark Hewitt – CEO Winchelsea Mining
Phone: TBA
Email: mhewitt@wmining.com.au

Location
Approx 650 kms SE of Darwin and 50 kms off the eastern coast of Arnhem Land

Description
Conventional open pit strip mining utilising excavators and dump trucks. Ore will be hauled by dump trucks to mobile crushing and screening units for processing and then to stockpiles adjacent to the barge loading facility. Fine product will be stockpiled in an enclosed shed and lump/coarse product will be stored in the open adjacent to the fines storage shed. Product will be reclaimed by front-end loader and fed onto a conveyor to the BLF where manganese will be loaded on to barges and transhipped to Handymax vessels in the offshore anchorage location.

Product
Lump and fine manganese ore

Resource
18.5 million tonnes @ 20.9 % Mn (Nov 2020 presentation)

Mine life
Estimated mine life of 12 years (May 2021 Referral)

Approvals

• Environmental – Referral submitted to EPA in Dec 2020 and a variation to the Referral submitted in May 2021. The proposal is open for public comment until 29 June 2021. EPA require EIS on 10 Aug 2021 with TOR to be issued by 4 Nov 2021.
• Mining – Mining Agreement between the Anindilyakwa Land Council and Winchelsea Mining was completed in April 2021. Mineral Lease 32704 was granted on 25 Mar 2022 for a period of 30 years.

Proposed Schedule

• Construction – 2023
• Production – 2024

Jobs

• Construction – 100
• Production – 55 (plus 100 personal support services staff)

Capex
$100 million