Firebird adds to Oakover resource
PERTH (miningweekly.com) – Explorer Firebird Metals has reported a 108-million-tonne increase to the mineral resource at its Oakover manganese project, in Western Australia.
The project is now estimated to host 172-million tonnes, at 9.9% manganese, representing a 170% increase on the historical resource, Firebird said.
“The size of the mineral resource estimate upgrade provides us with a compelling opportunity to pivot from our current rapid development program strategy and focus instead on completing the relevant studies to assess Oakover as a 20-year operation, producing both manganese ore and higher-value manganese sulphate,” said Firebird MD Peter Allen.
“While this is a shift from our early cashflow strategy, we think the size of the resource and simple near-surface gently dipping geology provides a simple pathway to production that now warrants financial assessment that is anticipated to ultimately deliver superior value to shareholders.
“Importantly, we will be able to leverage the work already completed from current rapid development workstreams to quickly complete the necessary scoping studies, that will focus on a long-life manganese ore and sulphate production operation. We expect to complete the manganese ore study in the June quarter and the sulphate study in the September quarter.”
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?
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