Nama Plant Area (Caledonia) - Zambian Copperbelt (sitios de interés)
Descripción del sitio
October 2, 2008:
Caledonia Awarded Mining Licences for Nama Cobalt Project
Total Resource base:
Bodies "D": 63.91Mt at 0.08% Co, 0.035% Cu and 0.028% Ni
Bodies "A": 43.66Mt at 0.055% Co, 0.1% Cu and 0.028% Ni
Bodies "C": 78.22Mt at 0.043% Co, 0.012% Cu and 0.019% Ni
Total at 185.78Mt at 0.058% Co, 0.04% Cu and 0.02% Ni
(note that Production cost has been estimated below US$10/lb Co)
PROPOSED MINING & MATALLURGICAL OPERATION
• Straightforward, low cost, open pit mining method targeting production of 10,000 tonnes per annum (“tpa”) of cobalt metal equivalent
• Capex Estimate for 10,000 tpa cobalt production~ US$ 200m*
• Production cost estimated below US$10/lb*
• Conventional drill & blast open pit, very low strip ratio, resource body exposed at surface
• Broken ore loaded by electric shovels directly into mobile crushers and conveyed out of the pit onto the overland conveyor
• 14 km overland conveyor discharged into coarse ore bins
• Vibrating plate feeder to conveyor feeding SAG mill and Ball mills
• Hydrometallurgical copper / cobalt extraction
• Roads & power line construction planned to commence third quarter 2008.
• Chinese fabricated plant and equipment will be delivered to site, installed and commissioned so that planned production can commence during first half of 2009
• Capex Estimate for 10,000 tpa cobalt production~ US$ 200m*
• Production cost estimated below US$10/lb*
• Conventional drill & blast open pit, very low strip ratio, resource body exposed at surface
• Broken ore loaded by electric shovels directly into mobile crushers and conveyed out of the pit onto the overland conveyor
• 14 km overland conveyor discharged into coarse ore bins
• Vibrating plate feeder to conveyor feeding SAG mill and Ball mills
• Hydrometallurgical copper / cobalt extraction
• Roads & power line construction planned to commence third quarter 2008.
• Chinese fabricated plant and equipment will be delivered to site, installed and commissioned so that planned production can commence during first half of 2009
PROJECT STATUS
• Chinese Feasibility Study on “A”, “C” and “D” underway, due Q3 ’08 with independent “Western” wrapper
• EIS approval from ECZ received for new access road and both power lines
• Conversion of retention licence into 25 year mining licences underway
• EIS submitted for mining & plant operations including “D”
• Negotiations with Chinese contractors, and plant and equipment suppliers close to finalization
• EIS approval from ECZ received for new access road and both power lines
• Conversion of retention licence into 25 year mining licences underway
• EIS submitted for mining & plant operations including “D”
• Negotiations with Chinese contractors, and plant and equipment suppliers close to finalization
PRIORITIES FOR 2008
• Finalize Feasibility Study & establish mine site, targeting production in 2009
• Sign additional off-take agreements up to 18,000t/yr of cobalt metal equivalent
• Finalize project funding
• Recruit dedicated project management team
• Continue drilling program, focusing on D1 depth extent & D north extensions & other identified targets and increase resources.
43-101 on Bodies "D" (May 1, 2008)