Wallbridge strikes definitive custom milling agreement
TORONTO (miningweekly.com) – Wallbridge Mining, which last week made the decision to develop its flagship Broken Hammer copper/platinum group elements project near Sudbury, Ontario, on Monday reported that it had struck a definitive custom milling accord with Northern Sun Mining.
Under terms of the agreement, TSX-listed Northern Sun would process Broken Hammer ore at its Redstone mill in Timmins, Ontario, and would be responsible for handling and milling the ore.
The one-year accord was based on a minimum of 800 t/d and milling was expected to start on June 30. The Redstone mill would generate both a gravity concentrate and a flotation concentrate, which would then be conveyed to copper smelters or a refinery for further treatment.
Wallbridge reported that it had now drawn the remaining C$1.25-million of its C$2-million credit facility with Callinan Royalties Corp and would use those proceeds for the initial capital requirements of the Broken Hammer project.
A mining contractor was expected to mobilise within the next two weeks and construction would start shortly thereafter.
The total capital cost to build the Broken Hammer openpit had been estimated at about C$1.04-million, including a 10% contingency.
The openpit mining was expected to be complete within 10 to 12 months at an average daily rate of about 800 t/d.
Wallbridge holds a large package of properties in Sudbury, including Broken Hammer and had entered into joint ventures with big platinum companies, such as UK-listed Lonmin and South Africa's Impala Platinum.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...
VISIT SHOWROOM
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
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
