Name of the Project
Tajiri mineral sands project.
Location
The project is situated on the north coast of Tanzania.
Project Owner/s
Strandline Resources.
Project Description
An engineering scoping study has shown that the Tajiri project will generate strong financial returns over a long mine life.
The project is based on a Joint Ore Reserves Committee-compliant mineral resource of 268-million tonnes at 3.3% total heavy minerals, with 74-million tonnes in the measured category, 165-million tonnes in the indicated category and 29-million tonnes in the inferred category.
The mine design is based on a shallow openpit mining operation, with ore mined using hydraulic mining equipment transferring material to a sump, where it is then pumped in slurry form to the processing facilities.
The scoping study has confirmed an efficient and modern process design capable of producing a high-grade saleable 95% heavy minerals concentrate product from the wet concentrator plant, and final products through further processing by the minerals separation plant.
Production targets of 185-million tonnes at 3.6% total heavy minerals underpin an initial mine life of 23.4 years at the planned mining rate of eight- million tonnes a year.
Average production over the life-of-mine is estimated at 61 000 t/y zircon concentrate, 150 000 t/y ilmenite and 16 000 t/y HiTi (rutile-leucoxene).
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project pretax net present value, at a 10% discount rate, of $205-million and an internal rate of return 36%.
Capital Expenditure
The project will require development capital of $125-million to establish an openpit mining and processing operation.
Planned Start/End Date
Construction and commissioning are expected to take about 18 months.
Latest Developments
In light of the scoping study’s strong findings, Strandline will continue to advance project permitting and development approvals.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Strandline Resources, tel +61 8 9226 3130 or email enquiries@strandline.com.au.