Name of the Project
Munglinup graphite project.
Location
The project is located near Esperance, in Western Australia.
Client
Mineral Commodities (MRC).
Project Description
The results of a scoping study have demonstrated that the Munglinup project is a high-grade graphite project that allows for the establishment of a viable graphite operation.
The study assumes a small openpit operation with on-site conventional processing facilities, comprising gravity and flotation circuits.
The mine will produce about 56 000 t/y of concentrate over a nine-year mine life.
The project’s flowsheet is based on a beneficiation circuit with unit operations that are conventional and well proven in industry. A circuit comprising feeder and trommel, desliming, classification, gravity, milling, flotation, drying, screening and bagging has been proposed.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has an estimated post-tax net present value, at an 8% discount rate, of A$150-million and an internal rate of return of 67%, with a payback of under two years.
Value
The project has a capital cost of A$47.1-million.
Duration
Owing to the strong cash position MRC enjoys, the company believes it can commit to an aggressive project development schedule targeting first production in the first quarter of 2019.
Latest Developments
MRC has started a comprehensive metallurgical testwork and drilling programme required for a prefeasibility study, with delivery expected this month.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
MRC, tel +61 8 6253 1100, fax +61 8 9258 3601 or email info@mncom.com.au.