https://www.miningweekly.com
PROJECT
PROJECT
project

Scoping study proves Mannar potential

12th May 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – A scoping study into the Mannar heavy mineral sands (HMS) project, in Sri Lanka, has estimated that the four-million-tonne-a-year dredging operation could have a mine life of 20 years.

ASX-listed Titanium Sands’ scoping study estimated that the project would require a capital investment of A$122-million, with a potential capital pay-back period of two years.

The initial scoping study estimated a net present value of A$545-million and an internal rate of return of 52%.

The scoping study was based on a high-grade zone of 82-million tonnes at 6.03% total heavy minerals, which Titanium Sands on Fridays said was an ideal Stage 1 zone for the project, with further areas to be considered from within the total current mineral resource estimate of 187-million tonnes, at 5.3% total heavy minerals.

Titanium Sands MD Dr James Searle said in a statement that the scoping study had indicated an economically robust project, which had given the company the confidence to examine in more definitive feasibility studies an 8-million-tonne a-year or 12-million-tonne-a-year production rate, over a mine life of more than 20 years.

Edited by Creamer Media Reporter

Comments

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 
AMS Haden Instrument & Mining Services (pty) Ltd
AMS Haden Instrument & Mining Services (pty) Ltd

AMS Haden is well known in the industry and we have been called on to provide advice on many projects.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
ARM, GoldOre, Gautrain make headlines
22nd September 2023
Magazine cover image
Magazine round up | 22 September 2023
22nd September 2023
Resources Watch image
Resources Watch
21st September 2023

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:0.063 0.097s - 89pq - 2rq
Subscribe Now