https://www.miningweekly.com

Weatherly increases Carn ownership to 90%

13th June 2018

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Aim-listed copper miner Weatherly International has received regulatory approval from the Namibian Competition Commission for its acquisition of a further 65% interest in China Africa Resources Namibia (Carn) from Hong Kong East China Non-Ferrous Mineral Resources.

Weatherly now has a 90% interest in Carn, which owns 100% of the high-grade Berg Aukas underground zinc/lead/vanadium project, near Grootfontein, in Namibia.

 A prefeasibility study (PFS) for Berg Aukus was previously published, which indicated a Joint Ore Reserves Committee-compliant mineral resource estimate of 1.23-million tonnes at 15.47% zinc, 3.84% lead and 0.33% vanadium oxide.

The study included a probable reserve estimate of 1.7-million tonnes at 11.16% zinc, 2.76% lead and 0.23% vanadium oxide.

Mining Weekly Online previously reported that Weatherly has initiated an update of the PFS to examine the impact of improved prices and updated capital and operating cost estimates on the project's key financial metrics.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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