For thousands of other reports visit RSC's Mineral Intellingence Map
Altura Mining Ltd.
Summary
| Project: | Pilgangoora | |
|---|---|---|
| Deposit: | Pilgangoora | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 11/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Mine Development | |
| Report details: | 13-11-2017: Altura Mining Ltd. announces a Scoping Study report for its Pilgangoora deposit at the Pilgangoora project. Scoping study results incl. duplicating production plant to double output. Altura Mining Limited (ASX: AJM) is pleased to advise it has | |
| Resources: | (Reserve, P+P): 34.2Mt @ 1.04% Li2O, 2.16% Fe2O3 for 357Kt Li2O contained at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Altura Mining Limited (ASX: AJM) is pleased to advise it has approved the immediate start of a Definitive Feasibility Study (DFS) on potentially doubling the capacity of its flagship Altura Lithium Project to 440,000 tonnes per annum (tpa). The study is expected to be completed in April 2018 and will leverage much of the design and other work completed last year for the DFS on the Stage 1 Altura Lithium Project at Pilgangoora in WA (see ASX release 26 September 2016), which remains on track for commissioning in Q1 2018. An in-house Scoping Study team examined a number of options to increase output from the initial Stage 1 nameplate output of 220,000 tpa of 6% grade lithium oxide, and took into account the knowledge of capital costs and procurement order lead times gained from the current construction of the Altura Lithium Project. Using key criteria of net present value, anticipated time to market and minimising disruption to the current Stage 1 construction the Scoping Study team concluded that doubling production using a basic plant duplication model is the best option to maximise shareholder value and is expected to place Altura in a strong operational and commercial position. First production from the duplicated plant is expected to be achieved within 17 months after an investment decision, however by using the design and majority of parameters from the existing project, the timeframe could be brought forward with early ordering of long lead-time items such as ball mills and high pressure grinding rolls (HPGR). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report