Tawana targeting Mofe Creek pilot by 2015, commercial production in 2016
JOHANNESBURG (miningweekly.com) – ASX- and JSE-listed Tawana Resources on Monday revealed it could possibly have a pilot-scale bulk mining and pilot plant at its Mofe Creek project, in Liberia, operational by the start of 2015, while commercial production was targeted for 2016.
The pilot plant would be used to obtain strategic data for detailed design criteria, materials handleability testing and mine design, the company said, adding that it also provided an opportunity for vocational training, skills development and employment creation opportunities.
Tawana reiterated that it had recently delivered a robust scoping study for the project, which demonstrated a low capital expenditure, low-cost, high-margin operation with a strong net present value and internal rate of return.
Likewise, a maiden resource and extensive metallurgical testwork programme had confirmed the simple, efficient processing route required to produce a superior final product containing upwards of 65% iron.
“Following the scoping study, we immediately embarked on a prefeasibility study (PFS), which will be complete by April 2015,” Tawana said, adding that PFS drilling was currently under way.
“We have a dedicated board, executive team, and officers within Liberia to ensure the timely development of this exceptional iron-ore project. The support and commitment from the government of Liberia has been forthright and we hope to utilise these strong relationships to fast-track development,” Tawana executive chairperson Wayne Richards commented.
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