https://www.miningweekly.com

ABR sets timeline for Fort Cady

4th July 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed American Pacific Borate and Lithium (ABR) was hoping to start construction of its Fort Cady borate project, in Southern California, by the fourth quarter of this year.

The start of construction would be subject to financing and permitting.

ABR has started an informal financing process to test the market appetite to debt-finance the capital required to build Phase 1 A of the Fort Cady project.

The Phase 1 A project is estimated to require a capital investment of $36.8-million to develop a production base of 6 000 t/y of boric acid and 40 000 t/y of sulphate of potash.

Phase 1 B would increase boric acid production to 90 000 t/y, using learnings from the initial 6 000 t/y operation.

ABR on Thursday said that funds from the May capital raising have been used to progress the construction-related engineering activities, with basic engineering set for completion in August.

Detailed engineering is expected to follow soon after, allowing for construction timelines to be met.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION