Valence adds to Uley resource
PERTH (miningweekly.com) – Graphite developer Valence Industries has reported a 50% increase in the graphite resource of its Uley pit 2 project, in South Australia.
The project is estimated to host about 4.54-million tonnes of resource, grading 11.63% graphitic carbon, for 520 000 t of contained graphite. Some 68% of the mineral resource was classified as measured and indicated.
“This material resource upgrade strongly supports the programme to expand processing capacity at our Uley graphite operations and matches the level of demand from our customers,” said Valence MD and CEO Christopher Darby.
“At the same time, increasing the size of our resource supports the confidence being shown in the company by its financiers as we move to accelerate the significant expansion programme under our feasibility study.”
A previously completed feasibility study estimated that the Phase 2 expansion of the Uley project would require a capital investment of about A$37-million, over a three-year period, to increase production from the current Phase 1 level of 14 000 t/y to 50 000 t/y.
The expansion of the Uley site would provide additional processing capacity in 25 000 t/y increments of graphite output, to reach 64 000 t/y, to effectively match market demand.
The update to the Pit 2 resource was based on 48% of the planned drilling programme for the Uley project, with a drill campaign over the remaining 52% of the programme set to focus on the southern area of Uley Pit 2.
An update on the Uley pit ore reserve was due in May this year.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers
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
