Mine with mountains in background

Developing Projects

The Northern Territory has a strong pipeline of developing mining projects.

Seventeen developing projects have submitted Notices of Intent to the Northern Territory Government, which are at various stages of the approvals and financing process.

These represent a combined proposed capital expenditure of more than $6 billion with the potential to create more than 5,000 jobs during construction, and 3,000 jobs during operation.

View Northern Territory Mineral Projects PDF (797.5 KB)

View Potential Mining Developments  PDF (569.9 KB)

Recent mining developments

CompanyProjectLocationProductDescription
Australian Abrasive Minerals Pty Ltd Harts Range (Spinifex Bore) Alice Springs Garnet sands New mine
Edna Berryl Mining Co Edna Beryl Tennant Creek Gold Reopen mine
Gulkula Mining Dhupuma Arnhem Land Bauxite New mine
Newmont Mining Tanami Ops Tanami Gold Gas Pipeline and Power Stations
Kirkland Lake Gold Cosmo Pine Creek Gold Reopen mine

Details of pending mining developments (Next 12 months)

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
19.2 Mt containing 3.0% REO, 13% P2O5

Mine life
23 years based on ore reserve

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). A Section 14A variation under the Environmental Assessment Act is being completed to address planned project configuration changes. No approval issues are anticipated with these planned changes.
  • Mining – subject to environmental and Mining Management Plan approvals.

Proposed schedule

  • DFS completed in February 2019. Investment decision in 2019. Detailed engineering-procurement-construction-commissioning period of 30 months following investment decision, subject to approvals.

Jobs

  • Construction – 650
  • Operations – 280 (full time)

Capex
$1,006 million (US$726 million).

This mining development is seeking investment. Potential investors can view further information on this project in Projects Seeking Investment.

Company
Core Exploration 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.

Product
Pegmatite concentrate (5.5% Li2O)

Resource
2.89 Mt @ 1.48% Li2O at Grants deposit
Global resource of 9.63 Mt @ 1.3% Li2O for Finniss Project

Mine life
Initial 3.5 years (from DFS)

Approvals

  • Environmental – in progress – the draft Environmental Impact Statement (EIS) submitted in November 2018 and supplement to EIS submitted in March 2019. Environmental approvals mid-2019.
  • Mining – pending environmental approvals.

Proposed schedule

  • Construction – Q3/4 2019
  • Production – 2020

Jobs

  • Construction – 100-150
  • Production – 90

Capex
$73 million (from DFS April 2019).

This mining development is seeking investment. Potential investors can view further information on this project in Projects Seeking Investment.

Company
KGL Resources Limited

Contact
Paul Richardson – Project Director
Phone: (07) 3071 9003
Email: prichardson@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
25.2 Mt @ 1.53% Cu and 29.2 g/t Ag (containing 384,800 tonnes Cu and 23.6 Moz Ag)

Mine life
12 years plus (optimisation studies are continuing)

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 due June 2019. Approval expected Q3 2019.
  • Mining – subject to environmental approvals.

Proposed schedule

  • Construction – Q4 2019
  • Production – Q3 2020

Jobs

  • Construction – peaking at about 360
  • Production – peaking at about 300

Capex
Initial Capex of $189.5 million.

This mining development is seeking investment. Potential investors please review our section Projects Seeking Investment.

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 is currently focusing on the permitting and mine design for the Tom’s Gully Underground Gold Mine. Construction is scheduled to start in late 2019 (Phase 1). The company is also doing a pre feasibility study at Rustlers Roost open pit gold project in the broader Mt Bundy project (Phase 2).

The company has commenced regional exploration programs and is reviewing all past studies to update to today's economics and gold price. Subject to environmental and mining approvals, the company plans to commence underground development and refurbishment operations in H2 2019 and production in 2020.

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
Four years (Phase 1), +10 years (Phase 2)

Approvals

  • Toms Gully Development proposal submitted in December 2013.
  • draft Environmental Impact Statement (EIS) submitted September 2015.
  • supplement to the EIS submitted to the Northern Territory Environment Protection Authority in August 2018.
  • mining approvals subject to completion of environmental processes.

Proposed Schedule

  • Construction – H2 2019
  • Production – 2020

Jobs

  • Construction – 150
  • Production – 120

Capex
$35 million (Phase 1) and approximately $165 million (Phase 2).

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.

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

Resource
160 Mt @ 0.3% V2O5, 5% TiO2, 23% Fe (120 Mt measured JORC resource)

Mine life
Approximately 20 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 submission in mid 2019.
  • Separate proposal and approval process for proposed Darwin Refinery.

Proposed schedule

  • Construction (Mine) – Q4 2019
  • Production (Mine) – Q4 2021

Jobs

  • Construction (Mine) – up to 350
  • Production (Mine) – 175 to 250

Capex
$853 million for Stage 1 and $969 million for Stage 2 (from DFS update Nov 2017).

This mining development is seeking investment. Potential investors please review our section Projects Seeking Investment.

Details of potential mining developments (Next 12-60 months)

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 is due for release in Q3 2019.

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 – Draft Mining Management Plan submitted for review.

Proposed Schedule

  • Construction – 2021
  • Production – 2023

Jobs

  • Construction – 400-450
  • Production – 350-400

Capex
$1.19 billion (US$839 million).

Company
Ark Mines Limited

Contact
Roger Jackson – Managing Director
Phone: 0400408550
Email: rjackson@arkmines.com.au

Location
Approximately 180km south-east of Darwin and 20km north of Pine Creek.

Description
New mine. Gold ore to be extracted by standard open cut operations and trucked to Union Reef Process plant for toll treatment. Due to closure of the Union Reef mill, Ark are assessing other processing options. As such development is likely to be delayed until 2020 subject to relevant approvals.

Product
Gold dore

Resource
355,000 t @ 3.0 g/t Au for 34,200 ozs Au

Mine life
Six months

Approvals

  • Environmental – 2007 and 2016
  • Mining – December 2016

Proposed Schedule

  • Construction – 2020
  • Production – 2020

Jobs

  • Construction – TBA
  • Production – TBA

Capex
TBA.

Company
Avenira Limited (Minemakers Australia Pty Ltd)

Contact
Rod Wheatley – Chief Financial Officer and Company Secretary
Phone: (08) 9264 7000
Email: rwheatley@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. JDC now planning to further upgrade the commercial demonstration plant for on-demand sustained operations.
  • During first calendar quarter of 2019, Novaphos (formerly JDC) made additional improvements to its technology, further enhancing the efficiency and reliability of the demonstration plant. Phosphate yields of about 80% are being achieved. Novaphos has initiated a process of engagement with major phosphate producers and engineering companies to fully commercialise the Novaphos technology.

Jobs

  • Construction – 50 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
Crossland Strategic Metals Limited

Contact
Eric Vesel – CEO/Executive Director
Phone: +60199887931
Email: contact@crosslandstrategic.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

Pre-2012 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.
  • Resource estimate expected to be complete in H2 2019.
  • Scoping Study and economic appraisal update in 2019.
  • Pre-feasibility study due in 2020 (subject to finance).

Jobs
150

Capex
$200 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.

Pre-feasibility completed in September 2014. Securing strategic industry investor.

Submission of environment impact statement (EIS) in October 2017 and Supplement in July 2018. Bankable feasibility study was completed in May 2018. Takeover offer by CD Capital in March 2019 is due to be completed by 18 June 2019 – has caused delays to project progress.

Product
Rock phosphate concentrate

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 – draft EIS submitted to Northern Territory Environment Protection Authority in October 2017 and Supplement to EIS submitted July 2018. Federal Environment Protection and Biosecurity Conservation approvals issued in June 2018.
  • Mining – pending grant of Mineral Leases and approval of Mining Management Plan.

Proposed Schedule

  • Construction – H1 2020
  • Production – H2 2021

Jobs

  • Construction – Up to 350
  • Production – Up to 165

Capex
Estimates for initial capex $368 million for 1Mtpa (DSO Stage 1) then $200M for Stage 2 (an additional 1Mtpa) – (From BFS).

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.
Mining – subject to environmental and mining approvals.

Proposed schedule

  • Construction – 2020/21
  • Production – 2021

Jobs

  • Construction – TBA
  • Production – TBA

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 June 2019.
  • Proposed Schedule: Construction – 2019/20; Production – 2020.

Jobs

  • Construction – TBA
  • Production – Up to 36

Capex
$2.5 million (from pre-feasibility study).

Company
Northern Territory Iron Ore Pty Ltd

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. EIS now expected in 2019.
  • Mining – pending NT EPA assessment and EPBC approvals.

Proposed Schedule

  • Construction – pending approvals.
  • Production – pending approvals.

Jobs

  • Construction – 200-400
  • Production – 150-300

Capex
TBA.

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 Q1 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
Eight 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 are scheduled to be advertised in June 2019 and draft EIS scheduled in H2 2019. Environment Protection and Biodiversity Conservation referral submitted in February 2019 and determined as “Not a Controlled Action”.
  • Mining approvals dependent on environmental approvals.

Proposed Schedule

  • Construction – H2 2020
  • Production – H2 2021

Jobs

  • Construction – 150
  • Production – 130

Capex
Approximately $58 million (from PFS).

This mining development is seeking investment. Potential investors please review our section Projects Seeking Investment.

Company
South 32 Pty Limited (GEMCO)

Contact
Danny de Vries – Study Manager.
Email: danny.deVries@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.
  • Pre-feasibility study is currently being undertaken. Feasibility planned in 2020.

Proposed Schedule

  • Construction – 2022
  • Production – 2023

Jobs

  • Construction – 90
  • Production – existing workforce

Capex
$160 million (pre-feasibility study).

Company
Tellus Holdings Ltd

Contact
Duncan van der Merwe – Group Managing Director
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 Board approval in December 2018, the BFS (FEL3) planning, field work (to address requirements in the Northern Territory Environment Protection Authority Assessment Report) and final engineering to commence in Q1 CY2019.

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.
  • Mining – pending all environmental approvals, FEL 3 and Mining Management Plan.

Proposed Schedule

  • Construction (Chandler Mine) – H2 CY2021.
  • Temporary storage at Chandler mine site – H2 CY2021 (subject to approval).
  • Production – H1 CY2025 (as above).

Jobs

  • Construction – 270 to 540
  • Production – 150 to 180

Capex
$676 million (including financing costs).

Company
Territory Resources Limited (Territory Iron Pty Ltd)

Contact
Daniel Taylor – CEO Gold Valley Iron and Manganese
Phone: (08) 8919 4658
Email: daniel@goldvalley.com.au

Location
Approximately 61km south of Darwin and 7km north-west of Batchelor.

Description
Potential open pit mining operation with on-site processing through simple crushing and screening. The mine will operate 24 hours per day for five days a week (Monday to Friday). Site infrastructure will include office and administration buildings, crib facilities, diesel generators, haul roads, open cut pit, ROM pad, crushing and screening plant, high grade and low grade ore stockpiles, waste rock dumps and mine water dam. Ore will be trucked to Darwin port for export.

Product
Iron Ore circa 61% Fe

Resource
15.1 Mt @ 52.1% Fe, including 4.56 Mt @ 61.7% Fe

Mine life
Three to six years for high grade ore only.

Approvals

  • Development proposal (NOI) submitted on 8 May 2108. On 28 August 2018, Northern Territory Environment Protection Authority determine an environmental impact statement is required. Environment Protection and Biodiversity Conservation referral in June 2018 – await decision.
  • Proponent to submit a revised development proposal in H2 2019.

Proposed Schedule

  • Construction – 2020/21
  • Production – 2021/22

Jobs

  • Construction – 25 to 35
  • Production – 48 direct + indirect

Capex
< $10 million.

Company
Thor Mining PLC

Contact
Mick Billing – Chairman
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).
Reserve 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 – 2020
  • Production – 2021

Jobs

  • Construction – 60
  • Production – 70

Capex
$69 million.

This mining development is seeking investment. Potential investors please review our section Projects Seeking Investment.