Mt Thirsty cobalt/nickel project, Australia
Name of the Project
Mt Thirsty cobalt/nickel project.
Location
The project is located 16 km north-west of Norseman, in Western Australia.
Project Owner/s
The project is a joint venture (JV) between Barra Resources (50%) and Conico (50%), through its wholly owned Meteore Metals.
Project Description
Mt Thirsty is Australia’s most advanced genuine cobalt project.
The project has an estimated Joint Ore Reserves Committee-compliant probable reserve of 18.8-million tonnes at 0.13% cobalt and 0.54% nickel, supporting the production of about 19 100 t/y of cobalt and 24 800 t/y of nickel as mixed sulphide over a mine life of 12 years.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value of A$44.4-million.
Capital Expenditure
Capital expenditure is estimated A$371-million.
Planned Start/End Date
Not stated.
Latest Developments
The JV partners are engaging with several major Australian and international mining, trading and refining firms, which have identified a prefeasibility study as their minimum investment criteria.
Key Contracts and Suppliers
None stated.
Contact Details for Project Information
Barra Resources, tel +61 8 9481 3911 or email info@barraresources.com.au.
Conico, tel +61 8 9282 5889 or email mailroom@conico.com.au.
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