https://www.miningweekly.com

Metalicity seeks partner to speed up Admiral Bay as zinc shortage is forecast

28th July 2016

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Buoyed by positive results from a scoping study and strong fundamentals for zinc, developer Metalicity will start a prefeasibility study (PFS) for the Admiral Bay project, in Western Australia, and has initiated a process to find a joint venture partner to accelerate the development.

The scoping study, which SRK Consulting completed, confirms that the Admiral Bay project could support a “long-life and low-cost zinc/lead/zilver operation of world-class scale”.

“The strategic nature of Admiral Bay needs to be understood in the context of the long-term fundamentals for zinc lead markets. The recent and imminent closures of world-class, large-scale zinc mines are expected to create a significant supply shortage on the global zinc market.

“There are very few large, long-life and potentially low-cost zinc projects located in stable, first-world mining jurisdictions that can be brought into production to address this supply shortage,” said Metalicity MD Matt Gauci.

The initial focus of the PFS will be the refinement of the preferred PFS pathway, including more detailed evaluation of specific development options and mining techniques.

Metalicity bought the Admiral Bay project from the liquidators of Kagara in September 2015. Kagara has previously completed a PFS on the basis of a ten-year mine life at an ore throughput of 2.5-million tonnes a year, from a 2.1 km strike length of the deposit.

Metalicity announced a new resource estimate for the Admiral Bay deposit earlier this month, with the inferred resource estimate now totalling 170-million tonnes at 4.1% zinc, 2.7% lead and 25 g/t of gold.

Edited by Creamer Media Reporter

Comments

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.19 0.226s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: