MOD could increase plant throughput at T3
PERTH (miningweekly.com) – ASX-listed MOD Resources has reported a 13% increase in the indicated resource of its T3 deposit, in Botswana, which could support a potential increase in the planned design throughput.
MOD on Monday said that a reclassification of the T3 resource has seen the indicated mineral resource estimate grow to 417 000 t of copper and 18.6-million ounces of silver, representing some 70% of the contained copper and 61% of the tonnes in the total mineral resource.
The total mineral resource at T3 remains unchanged at 60-million tonnes, containing 590 000 t of copper and 27-million ounces of silver.
MOD MD Julian Hanna told shareholders that the T3 project team is now reviewing how the reclassification will impact the T3 project.
“This very positive upgrade would appear to support a potential increase in the design throughput of the planned T3 processing plant. We also consider there is now potential that the feasibility study ore reserve could significantly exceed the ore reserve used in the prefeasibility study.”
A prefeasibility study at T3 estimated that the project would require a capital investment of $155-million to develop an openpit operation and plant with a 2.5-million-tonne-a-year throughput capacity, producing 23 000 t/y copper and 690 000 oz/y of silver in concentrate.
The study indicated a net present value of $281-million and an annual free cash flow of $77-million from the start of production.
A pit feasibility study for T3 is due in the first quarter of 2019.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation