Sierra Rutile replaces 2022 production
PERTH (miningweekly.com) – ASX-listed Sierra Rutile Holdings has replaced its 2022 production from its Area 1 operation, in Sierra Leone, following pit optimisation and pit design work.
“Thanks to optimisation work on our future mine plan updated for current market pricing, we are in the favourable position of having effectively replaced our entire 2022 production and ended the year with more rutile in reserves than when we started,” said Sierra Rutile MD and CEO Theuns de Bruyn.
He told shareholders on Friday that the company is also aiming to have additional resources added to its reserves by mid-year 2023 from drilling at Ndendemoia and Pejebu, which is not included in the annual resource and reserve statement as the drilling is still in progress.
“With the optimisation work undertaken, and the additional resource drilling, we now have a clear pathway to having enough reserves to enable ongoing production from Area 1 throughout the expected Sembehun construction and ramp-up phases. A further life-of-mine of four years and eight months is now envisaged for our Area 1 operations. This will enable Sierra Rutile to have a consistent production profile in the coming years ahead, and is the outcome we have been working towards, giving us confidence in our ability to help fund Sembehun,” De Bruyn said.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation