Name and Location
Tschudi copper project, Namibia.

Client
Weatherly International.

Project Description
A bankable feasibility study (BFS) on the Tschudi project has indicated a robust project. Tschudi has mineral resources of 50.1-million tonnes at 0.86% copper and a reserve of 22.7-million tonnes at 0.95% copper.

The BFS envisages an openpit mine and an estimated mining rate of 17-million tonnes a year.

The ore will be processed using solvent extraction electrowinning at a rate of 2-million to 2.6-million tonnes a year of ore.

The mine is expected to produce 17 000 t/y over an 11-year mine life.

Value
Initial capital required to develop the project is estimated at $81-million.

Duration
First copper production is expected to start in the second quarter of 2015.

Latest Developments
First copper production from the Tschudi copper mine is expected this month.

Weatherly, which previously expected production to start in the second quarter of this year, has said the project is “well ahead of its original schedule”.

“The crushing and processing plant is now in full operation and functioning effectively. We are using a proven technology to extract high-grade copper in a low-cost operation,” states CEO Rod Webster.

“The Tschudi team has taken great strides forward over the last few weeks in delivering the project ahead of schedule and on budget. Tschudi, once in operation, will deliver significant benefit to our shareholders,”  adds chairperson John Bryant.

Key Contracts and Suppliers
Basil Read Namibia (mining operations); B & E International North (crushing, agglomeration and stacking contract) and Logiman (engineering, procurement and construction).

On Budget and on Time?
The project is ahead of schedule and within budget.

Contact Details for Project Information
Weatherly International, tel +44 207 917 2989, fax +44 207 439 0262 or email info@weatherlyplc.com.
Basil Read, tel +27 21 946 4664 or fax +27 21 946 4669.
B & E International North, tel +264 63 233 229.
Logiman, tel +27 11 011 9260 or email info@logiman.co.za.