Name and Location
Unicorn molybdenum/copper/silver/zinc project, Victoria, Australia.

Client
Dart Mining.

Project Description
A project definition study (PDS) on the Unicorn project has significantly improved the project definition and business case.

The study has found that Unicorn can be mined using conventional openpit methods with a processing plant near the pit.

The plant will process ten-million tonnes a year of preconcentrate material, delivering two-million tonnes a year of higher-grade feed over a 20-year mine life.

The study has also identified low mining waste-to-ore ratios and preconcentration after crushing, which have resulted in improved plant feed grade, and further identified focused future drilling requirements and metallurgical testwork to improve economics further.

Net Present Value/Internal Rate of Return
The PDS has estimated an internal rate of return of 20%, with a three-year payback.

Value
The cost of development has decreased from $304-million in the scoping study completed in October 2012, to less than $200-million in the PDS, primarily because of proven equipment and experience that were applied in mining and mineral processing.

Duration
Possible production is forecast in 2019/20.

Latest Developments
With a PDS now available, Dart’s focus will now be on attracting substantial and long-term investors, as well as completing a definitive feasibility study.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Dart Mining, tel +61 3 8679 1402 or email info@dartmining.com.au.