Flanagan Bore manganese project, Australia
Name of the Project
Flanagan Bore manganese project.
Location
East Pilbara region of Western Australia.
Project Owner/s
Manganese miner Black Canyon.
Project Description
A scoping study has confirmed that the project will generate strong financial returns over a 20-year mine life at an average production rate of 1.8-million tonnes a year from a large indicated mineral resource of 104-million tonnes at 10.5% manganese containing 11-million tonnes of manganese.
Several staged mine pits will be developed on the project’s LR1 and FB3 deposits.
Black intends to produce a 33% manganese product, generating about 500 000 t/y of manganese concentrate over the life-of-mine.
There is significant potential to extend the mine’s life through the delineation of additional shallow mineralisation along the recently drilled L1 to TF1 and FB5 to FB6 trends, in addition to delineating mineral resources at LR1 and LR2.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount rate, of A$134-million and an internal rate of return of 67%, with a payback of less than two years.
Capital Expenditure
A$44-million.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Black Canyon, tel +61 8 9426 0666 or email info@blackcanyon.com.au.
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