Stockman's optimisations a coup for Independence
PERTH (miningweekly.com) – An optimisation study of ASX-listed Independence Group’s Stockman base metals project, in Victoria, has delivered promising results.
The study estimated that the project would require a preproduction capital investment of about A$202-million to deliver yearly production of 15 000 t of copper, 26 000 t of zinc and 400 000 oz of silver.
Life-of-mine cash costs have been estimated at A$1.30/lb of copper, while the average annual free cash flow is expected to be about A$64-million a year, before tax.
The optimisation study incorporated a 2013 feasibility study and was aimed at further de-risking the project while improving returns.
“The Stockman project represents a viable development project for the company that has been significantly de-risked with the completion of the optimisation study and recent Ministerial assessment approval,” said Independence Group MD Peter Bradford.
“The operating skills and capital requirements sit comfortably within the capabilities of the company, which remains committed to advancing the project to the next milestone decision.”
The current scope of the project encompasses the concurrent development of two underground deposits to feed a central one-million-tonne-a-year flotation concentrator that would produce about 140 000 t/y of copper and zinc concentrate over a mine-life of some ten years.
Bradford said on Friday that the company would continue to advance the project with the critical path being to secure a range of licences from the commonwealth government and the various Victorian agencies, which could take between 12 to 18 months.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...
VISIT SHOWROOMDeveloped to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.
VISIT SHOWROOM
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
