https://www.miningweekly.com

Mt Carbine's underground potential confirmed

12th April 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – A scoping study into an underground operation at the Mt Carbine tungsten mine, in Queensland, has demonstrated the potential for a long-life, economically viable project.

ASX-listed EQ Resources on Tuesday told shareholders that the scoping study demonstrated that underground mining could be done in parallel to opencut operations.

The scoping study targeted a 1 500 t/d operation with a mine life of some ten years, and EQ Resources will now proceed with prefeasibility work.

EQ Resources CEO Kevin MacNeill said the results of the scoping are pleasing and demonstrated the potential to significantly increase production at Mt Carbine post the mining of the proposed openpit.

“The scoping study supports the potential technical and financial viability for an underground operation which could form part of Mt Carbine’s long-term plan for sustainable tungsten production. The work performed will allow EQ Resources to follow up in a clear direction with a prefeasibility study assessment.

“With the potential underground operation being part of the Mt Carbine development targets, we are taking another key step towards becoming one of the world’s top tier tungsten producers.”

An earlier bankable feasibility study into the openpit project estimated that it would require a capital investment of A$19-million to support a 12-year operation.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







sq:0.045 0.324s - 111pq - 2rq
Subscribe Now