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Ammaroo phosphate project, Australia

4th December 2020

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Ammaroo phosphate project.

Location
Northern Territory, Australia.

Client
Verdant Minerals.

Project Description
A feasibility study has determined that the Ammaroo project is technically feasible and will deliver positive economic benefits if developed in accordance with the prescribed design criteria.

The project has a proven and probable reserve of 32.4-million tonnes grading 18.2% phosphorous pentoxide.

The feasibility study envisages the construction of the mine in two stages.

Stage 1 is expected to produce one-million tonnes a year of phosphate rock concentrate, followed by a replication of the Stage 1 processing and site infrastructure during Year 5 to produce two-million tonnes a year of rock concentrate from Year 6 for a 20-year mine life (Stage 2).

Production is based on conventional truck-and-shovel openpit mining and a screening, crushing, grinding and flotation circuit to produce low-cadmium, high-quality rock concentrate at about 33% phosphorous pentoxide.

Enabling infrastructure, including a rail spur, gas pipeline and water supply infrastructure for the whole mine life and beyond, will be built during Stage 1.

Potential Job Creation
The project will create more than 1 000 jobs and export opportunities.

Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at a 10% nominal ungeared discount rate, of A$344-million and an ungeared internal rate of return of 18.1%.

Value
A$1.5-billion.

Duration
Stage 1 construction is estimated at 15 months.

Latest Developments
The federal government has granted major project status to the Ammaroo project.

Major project status is the Commonwealth government’s recognition of the strategic significance of a project to Australia, and provides companies with extra support from the Major Projects Facilitation Agency, including a single entry point for Commonwealth government approvals, project support, and coordination with state and territory approvals. 

Key Contracts, Suppliers and Consultants
Mining Plus (mine planning); Corem (metallurgical testwork); WorleyParsons (engineering, plant and infrastructure design; CRU (product market and pricing analysis); Balance Advisory (rail and port infrastructure and logistics); GHD (environmental-impact studies); Ground Water Science (hydrogeology and groundwater); and Magma Capital (financial modelling and debt advisory).

Contact Details for Project Information
Verdant Minerals, +61 8 8942 0385, fax +61 8 8942 0318 or email info@verdantminerals.com.au.

Edited by Creamer Media Reporter

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