Name and Location
Tschudi copper project, Namibia.

Client
Weatherly International.

Project Description
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 bankable feasibility study on the project envisages an openpit mine with 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.

Net Present Value/Internal Rate of Return
Not stated.

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
Weatherly has increased the output guidance for its Tschudi mine for the current quarter by 15% to about 1 150 t/m of copper.

The company has said that it maintains its focus on Tschudi and that the ramp-up is progressing well ahead of schedule. “Weatherly will operate a new 17 000 t/y openpit copper mine before year-end, producing some of the highest-quality copper cathode in the world,” CEO Craig Thomas has said in a statement.

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.