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Altona Mining Ltd.
Summary
| Project: | Cloncurry | |
|---|---|---|
| Deposit: | Cloncurry | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 7/19/2016 | |
| Report Code: | (Enviro) | |
| Report Type: | EIA/ESIA | |
| Project Stage: | Mine Development | |
| Report details: | 19-7-2016: Altona Mining Ltd. announces an EIA/ESIA report for its Cloncurry deposit at the Cloncurry project. Cloncurry project receives amended environmental approval. Altona Mining Limited (“Altona” or the “Company”) is pleased to announce it has recei | |
| Resources: | (Reserve, P+P): 86.0Mt @ 0.50% Cu, 0.07g/t Au at Little Eva | |
| CP/QP: | [Overall Report]: Roland Bartsch, Dr Alistair Cowden (Internal) | |
| ABSTRACT: | Altona Mining Limited (“Altona” or the “Company”) is pleased to announce it has received an Amended Environmental Authority (“EA”) from the Queensland Department of Environment and Heritage Protection for the Company’s Cloncurry Copper Project near Mt Isa in Queensland. The Cloncurry Project is the subject of an US$238.5 million proposed joint venture (“JV”) with Sichuan Railway Investment Group (“SRIG”). Refer to ASX release of 2 June 2016 for further information on the SRIG JV. The grant of the amendment is a key condition precedent to the completion of the SRIG JV. The planned Little Eva mining project sits within the Cloncurry Project. A revised mine plan layout has been approved (Figure 1). The key amendments largely flow from the discovery of the Turkey Creek deposit adjacent to planned infrastructure and incorporating that deposit into the mine plan. The changes are: • A new open pit mine at Turkey Creek • Waste rock storage from the Turkey Creek mine • Increase to mine life and total tonnage treated • Re-location and increased capacity of the Tailings Storage Facility • A larger flood protection bund and diversion channel around the Little Eva pit to permit a larger pit The technical work required was undertaken as part of an agreed budget with SRIG. This expenditure may be offset against Altona’s cash contribution to the joint venture. | |
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