Mining Developments in the Northern Territory December 2014 This document contains a summary of likely new mining developments in the Northern Territory over the next 1-4 years. It is not intended to be comprehensive and does not contain a number of projects that are at various stages of feasibility study. All information should be confirmed with the proponent Company. For further information on mining developments, contact the Director Mining Development of the NT Department of Mines and Energy or visit the website at www.minerals.nt.gov.au or email to [email protected] MINING DEVELOPMENTS SUMMARY – DECEMBER 2014 UPDATE 1. Recent (Past 24 months) Company Project Location Product Development Gemco Matilda Zircon (MZI Resources) Crocodile Gold Western Desert Res* Xstrata Aust Ilmenite Res * GEEP2 Lethbridge South Cosmo Deeps Roper Bar McArthur River SILL80 Groote Eylandt Tiwi Islands Manganese Zircon Plant upgrade New deposit Pine Creek Roper River Gulf Roper River Gold Iron Ore Zinc & Lead Ilmenite (Ti, V) Underground New mine Phase 3 Expansion New mine *indicates companies in Administration and/or Receivership 2. Pending (Next 12 months) Company Project Location Product Development AAM Aard Metals ABM Resources ERA Ltd Primary Gold TNG Limited Spinifex Bore Warrego Tails Twin Bonanza Ranger 3 Deeps Toms Gully Mt Peake Alice Springs Tennant Tanami Jabiru Darwin Alice Springs Garnet sands Magnetite, Gold Gold Uranium Gold V, Ti, Fe New mine Reprocessing New mine U/G Expansion Reopen mine New mine 3. Potential (Next 12-48 months) Company Project Location Product Development Arafura Resources Crocodile Gold Crossland Energy Metals Gemco (BHPBiliton) KGL Res (Kentor) Metals X (Westgold) Minemakers MZI Resources Rum Jungle Res Sherwin Iron* Territory Iron Thor Mining Tellus Holdings Vista Gold Nolans Maud Creek Charlie Creek Bigrlyi Eastern Leases Jervois Rover Wonarah Kilimiraka Ammaroo Sherwin Creek Frances Creek Molyhil Chandler Mt Todd Alice Springs Katherine Alice Springs Alice Region Groote Eylandt Alice Springs Tennant Tennant Bathurst Island Tennant Roper River Pine Creek Alice Springs Alice Springs Katherine Rare Earths Gold Rare Earths U, V Manganese Copper, Silver Gold, Copper Phosphate Zircon Phosphate Iron ore Iron ore Mo, W Salt Gold New mine New mine New mine New mine Mine Expansion Reopen mine New mine New mine New mine New mine New mine Mine Extension Reopen mine New mine Reopen mine Northern Territory Department of Mines and Energy Page 2 of 11 PENDING MINE DEVELOPMENTS – NEXT 12 MONTHS Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource (uncut) Mine Life Approvals Proposed Schedule Jobs Capex SPINIFEX BORE Australian Abrasive Minerals Pty Ltd Robert Brand – Director & Project Manager Phone: (08) 9315 2177 Email: [email protected] Approx 170 kms north east of Alice Springs New open cut mine strip mining. Onsite processing wet screening plant to produce concentrate and dry magnetic & electrostatic separation. Final product trucked to Alice Springs for road/rail to Darwin or Adelaide. Garnet sands 800,000 tonnes 25 years Environmental – August 2011 Mining – pending Construction – Dec 2014 Production – Q2 2015 Construction – 20 to 30 Production – 16 to 20 $14.4M WARREGO TAILINGS PROJECT Aard Metals Limited Myles Fang – Executive Director Phone: (02) 9235 3188 Email: [email protected] 48 kms west of Tennant Creek Reprocessing of old tailings dams to extract magnetite (gravity and magnetic separation) and possibly gold and copper. Magnetite (potential gold & copper) 7.8 Mt of tailings to produce 2.92 Mt of Magnetite @ 67.1% Fe. (JORC). The inferred resource also contains 119,000 ozs gold and 16,500 t copper. Approx 6 years Environmental – Nov 2011 Mining – pending Development subject to finance. Pre-development MMP in place Jan 2013. Construction – Q2 2015 Production – Q1 2016 Construction – 30 to 50 Production – 20 to 30 $20M TWIN BONANZA ABM Resources NL Darren Holden – Managing Director Phone: (08) 9423 9777 Email: [email protected] 630 kms northwest of Alice Springs New mine. Stage 1 was 10,000t bulk sample in 2013. Stage 2 is open pit mining with ore treated at the leased Coyote Processing Plant in WA, subject to conditions precedent. Stage 3 will be dependent on ore-body performance and includes potential underground operations. Gold Global Resource of 1.7Mt @ 11.7g/t gold for 640,000 ozs (Old Pirate) Stage 2 is approx. 2 years & Stage 3 is estimated at 4 years. Environmental – May 2014 Mining – MMP approval pending Stage 1 complete in 2013. Stage 2 mining scheduled in Q1 2015, subject to condition precedent on Coyote Processing Plant lease and mining approvals. Construction – 20-40 Production – 68 Stage 2 – approx. $5M Northern Territory Department of Mines and Energy Page 3 of 11 Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex RANGER 3 DEEPS Energy Resources of Australia Ltd (ERA) Andrea Sutton – Chief Executive Phone: (08) 89243500 Email: [email protected] Approx 260 kms east of Darwin Exploration decline and underground exploration drilling of Ranger 3 Deeps ($120M) for resource definition to be completed in Q4 2014. The PreFeasibility Study (PFS) ($57M) is expected to be complete by end 2014 for consideration by ERA Board in early 2015. Ore from proposed underground mining operations to be processed in existing facilities. Uranium (U3O8) Estimated 12.2 Mt @ 0.285% U3O8 equating to 34,761 t of uranium oxide. Until Jan 2021 Development proposals submitted on 16 January 2013. Draft Environmental Impact Statement submitted 3 Oct 2014 and on display for public comment until 12 Dec 2014. Mining approvals subject to environmental approvals. Construction – Q2 2015 Production – Q4 2015 Construction – 100-150 Production – TBA Includes $120M for exploration decline and $57M for PFS TOMS GULLY Primary Gold Limited Clay Gordon – Managing Director Phone: (08) 9364 9009 Email: [email protected] Approx 90 kms east of Darwin Reopen the underground Toms Gully Mine and refurbishment of the onsite processing plant. Feasibility Study completed and assessing financial options for immediate start to refurbishment to enable production in Dec 2015. Gold 1.1 Mt @ 9.0g/t for 315,000 ozs. Reserve 775,000 tonnes at 6.9g/t Au 3 years + Development proposals submitted in Dec 2013. EIS in preparation. Construction – June 2015 Production – Dec 2015 Construction – TBA Production – approx. 100 $26M MOUNT PEAKE TNG Limited Paul Burton – Managing Director Phone: (08) 9327 0900 Email: [email protected] 235 kms north of Alice Springs Open pit mining & production of magnetite concentrate with potential integrated onsite processing to produce high purity iron, vanadium and titanium products. New processing technology developed. Pre-Feasibility Study released in July 2012. Definitive Feasibility Study due Mar/Apr 2015. High purity Vanadium (99% V2O5), Titanium (55% TiO2) & Iron (99.9% Fe2O3) 160Mt @ 0.3% V2O5, 5% TiO2, 23% Fe (120Mt Measured JORC) Approx 20 years Development proposals submitted July 2013. EIS in preparation. Construction – Q4 2015 Production – Q4 2016 Construction – up to 350 Production – 175 - 250 Estimated $421M (Stage 1 – Direct Costs) from PFS Northern Territory Department of Mines and Energy Page 4 of 11 POTENTIAL MINE DEVELOPMENTS – NEXT 12 - 48 MONTHS Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex NOLANS BORE Arafura Resources Limited Brian Fowler – General Manager Northern Territory & Sustainability Phone: (08) 8947 5588 Email: [email protected] 135 km northwest of Alice Springs New mine. Open cut mining, beneficiation to a mineral concentrate and subsequent chemical processing to produce rare earth intermediate product, which will be shipped from Nolans to an international refining facility. Rare earths with opportunity for phosphate and minor uranium products. 47 Mt containing 2.6% REO, 11% P205 (0.414 lb/t U3O8) 22 years based on current reserve Environmental – EIS in preparation. Mining – subject to environmental Feasibility study in progress. EIS in preparation. Investment decision in early 2015. Construction period up to 36 months starting in Q1 2016. Construction – approx 500+ Operations – approx. 350+ Currently under revision. Targeting A$1.0-1.5 billion MAUD CREEK Crocodile Gold Corp Jason Morin – General Manager NT Phone: (08) 8982 4444 Email: [email protected] Approx 285 kms SSE of Darwin and 20 kms E of Katherine Possible open cut and/or underground mining operation. Ore likely to be transported offsite for processing, probably to Union Reefs processing site. Gold Indicated 7.7Mt @ 3.5 g/t gold & Inferred 4.2Mt @ 2.55 g/t gold Undetermined Scoping Study completed in Q4 2012. Updated resource reported in 2013. Mining proposal yet to be submitted. Construction – TBA Production - TBA Construction – TBA Production - TBA TBA CHARLEY CREEK Crossland Strategic Metals Limited Geoff Eupene – Executive Director/CEO Phone: (08) 8981 5911 Email: [email protected] Approx. 95 km WNW of Alice Springs Potential new mine. Open cut mining & processing through a wet and dry mineral concentrator to produce a high grade (40%+) TREO concentrate with further refining to yield a high purity mixed rare earth carbonate product. Rare earths and zircon Indicated 387Mt containing 114,050 tonnes TREO & 195,000 tonnes zircon. Inferred 418Mt containing 121,100 tonnes TREO & 220,000 tonnes zircon. JORC compliant Scoping Study based on 20 years + (additional potential) Development proposals yet to be submitted. JORC compliant Scoping Study and economic appraisal complete. Drilling of potential high grade areas in 2013. Feasibility Study in 2015 (subject to finance). 150 $156M Northern Territory Department of Mines and Energy Page 5 of 11 Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex BIGRLYI Energy Metals Limited Weidong Xiang – Managing Director Phone: (08) 9322 6904 Email: [email protected] Approx 340 kms NW of Alice Springs Potential open pit and underground mining with on-site processing through simple acid leach circuit. Results of Pre-Feasibility Study released in June 2011. Feasibility and environmental studies continue. Uranium 7.5 Mt @ 0.13% U308 for 21.1 M lbs U3O8 & 19.7M lbs V2O5 3.63 Mt @ 0.14% U3O8 for 11.2 Mlbs U3O8 & 15.7 Mlbs V2O5 Pre-Feasibility Study (PFS) based on 8 years Development proposals yet to be submitted. Construction – TBA Production – TBA Construction – TBA Production – TBA $181M (from PFS). GEMCO – EASTERN LEASES BHP Billiton Manganese Australia Pty Ltd Mike Chapman – Study Manager Eastern Leases Phone: (07) 3237 6574 Email: [email protected] Approx 650 kms ESE of Darwin Develop a number of additional quarries on the eastern leases, approx. 2 kms east of the existing mine. Ore will be trucked to the existing GEMCO mine facilities for processing and exported by the existing Milner Bay port, with no changes or upgrades to these facilities. Manganese 38 Mt of manganese ore Eastern Leases will extend mine life by 4 years to 2031 Environmental: EIS in preparation Mining: pending environmental Construction – Q1 2017 Production – Q3 2018 Construction – 90 Production – Existing Workforce TBA JERVOIS KGL Resources (previously Kentor Gold) Simon Milroy – Managing Director Phone: (07) 3071 9003 Email: [email protected] Approx 270 kms north-east of Alice Springs Reopen old mine based on open cut for first 4 years and underground operation from years 4 to 7. Sulphide ore processed via a conventional flotation processing facility to produce a copper concentrate. Copper concentrate with silver & gold credits plus a separate lead and zinc concentrate. 23.5Mt @ 1.1% Cu & 22.1g/t Ag (includes 113,000oz gold) 7 years Development Proposals (NOI) submitted in November 2013. EIS required for environmental assessment by EPA. Pre-Feasibility Study expected Dec 2014. Construction – Q2 2016 Production – Q4 2017 Construction – 300 Production – 200 Estimated approx. $192 M Northern Territory Department of Mines and Energy Page 6 of 11 Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex ROVER PROJECT Metals X Ltd (Previously Westgold) Paul Hucker – Chief Operating Officer – Gold Division Phone: (08) 9220 5700 Email: [email protected] Approx 1100 kms S of Darwin and 80 kms SW of Tennant Creek Development of new underground mine and possible new mineral field. Feasibility studies in progress. Construction of exploration decline approved for underground definition drilling of resource. Gold and Copper (IOCG) 6.8Mt @ 5.57 g/t AuEq Undetermined Further drilling being undertaken. Feasibility studies in progress. Exploration decline approved and commenced. Construction – TBA Production - TBA Construction – TBA Production - TBA Estimate $101M (Scoping Study) WONARAH/ARRUWURRA (STAGE 1) Minemakers Limited Neville Bergin – General Manager Projects Development Phone: (08) 9264 7000 Email: [email protected] 250 kms east of Tennant Creek Revised development proposal - proposed open cut mine, crushing and desliming of ore, processing on-site using improved hard process (IHP) to produce super phosphoric acid (SPA) @ 70% P2O5. Phased development with the first production train producing 181,000 t P2O5 per annum, progressively increasing to 0.9 Mt per annum over an estimated six year period. Super phosphoric acid (SPA) 842 Mt @ 18.1% P2O5 (10% cut-off ); 1,406 Mt @ 13.5% P2O5 (5% cut-off ) >30 years Environmental: June 2013 Mining – pending Construction & Production – Pending successful validation of IHP technology Construction – 50 to 200 Production – 110 rising to 350 at full production Estimated initial capital $350M increasing to $1.2B over 6 years. KILIMIRAKA MZI Resources Limited Trevor Matthews – Chief Executive Officer Phone: (08) 9328 9800 Email: [email protected] Southwest corner of Bathurst Island Proposed open cut surface dunal mining with onsite processing to produce Zircon, rutile and ilmenite concentrate. Possible barging or port facilities for transfer to freighters for export overseas. Zircon, rutile and ilmenite concentrate 56.2 Mt containing 893,700 tonnes of heavy mineral 8-10 years Environmental – 2016 Mining – Pending environmental Construction – 2017 Production – 2018 Construction – TBA Production – 50 TBA Northern Territory Department of Mines and Energy Page 7 of 11 Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex AMMAROO Rum Jungle Resources Limited Chris Tziolis – Managing Director Phone: (08) 8942 0385 Email: [email protected] 200 kms SE of Tennant Creek New mine – open cut strip mining operations with crushing and screening to produce Mechanically Beneficiated Ore. Also evaluating the options of production of phosphoric acid or ammonium phosphate fertilizers. Notice of Intent submitted in April 2014. Pre-Feasibility to be completed in Sept 2014. Rock phosphate, phosphoric acid or ammonium phosphate fertilizers Global Resource of 1.135 billion tonnes @ 14% P2O5 (10% cut-off) Measured Resource of 138 Mt @ 15.7% P2O5 (10% cut-off) 25 years plus Environmental – in progress Mining – pending environmental Construction – 2016 /17 Production – 2017/18 Construction – TBA Production – 110-200 $500 M + SHERWIN CREEK (ROPER RIVER) IRON ORE PROJECT Sherwin Iron Limited (Administrators and Receivers & Managers appointed) Aaron Swaffield – KordaMentha Phone: (07) 3338 0233 Email: [email protected] 475 kms southeast of Darwin and 120 kms east of Mataranka Development of new iron ore mine at the Sherwin Creek deposit. Open cut and surface strip mining. Direct Shipping Ore is mined, crushed and screened and trucked to Darwin Port for export (initial 1Mtpa increasing to 3Mtpa). Alternative transport options, including access to rail are being considered. Iron ore (Hematite) JORC resource of 488Mt @ 41.7% Fe (Mar 2012), including 41.1Mt @ 57.8% Fe. Estimate 20 + years (Initial DSO operation at Sherwin Creek is 6 years) Environmental – in process Mining – pending environmental approvals Subject to market conditions and receivership outcomes. Construction – 150 Production – 100 $170M (DSO & Beneficiation operations) FRANCES CREEK – ELIZABETH MARION AREA Territory Resources Ltd (Territory Iron Pty Ltd) Chris Masters – General Manager Operations Phone: (08) 8976 8000 Email: [email protected] Approx 180 kms SE of Darwin and 25 kms N of Pine Creek Establishment of three new open cut pits within the existing Mineral Leases to extend mine life. Ore will be trucked to the existing crushing and beneficiation plant for processing. Processed ore will be trucked to the existing rail siding and railed to Darwin Port for export. Iron Ore 1.514 Mt @ 50.8% Fe (with cut-off grade of 40% Fe) Approx. 2 years Development proposals submitted in March 2014. EIS in preparation. Construction – 2015/16 Production – 2015/16 Construction – TBA Production – TBA TBA Northern Territory Department of Mines and Energy Page 8 of 11 Mine Name Company Contact Location Description Product Resource Reserve Mine Life Approvals Proposed Schedule Jobs Capex Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex MOLYHIL Thor Mining PLC Mick Billing – Chairman Phone: (08) 7324 1935 Email: [email protected] 220 kms northeast of Alice Springs Proposed open pit mining operation with on-site processing by gravity, magnetic separation and flotation to produce W and Mo concentrate. Definitive Feasibility Study completed in July 2012 with upgrade in Q4 2014. Letter of Intent signed for tungsten offtake. Development subject to finance. Tungsten and Molybdenum concentrates. 4.71Mt at 0.4% combined WO3 and Mo 3.0 Mt at 0.31% WO3 and 0.12% Mo Initially 6 year Environmental – Nov 2011 Mining – pending assessment of MMP Construction – 2015/16 subject to finance Production – 2016/17 Construction – 100 Production – 70 $70M CHANDLER SALT MINE PROJECT Tellus Holdings www.tellusholdings.com.au Duncan van der Merwe – Group Managing Director Phone: (02) 92417678 Email: [email protected] Approx 120 kms south of Alice Springs New mine. Underground multi-mineral salt mine utilising standard mining technology, access via decline, room and pillar using a continuous miner. Voids left from mining used for storage. Surface facilities include salt processing plant (wet & dry), offices, camp and airstrip. DFS stage 1 (FEL2) completed in June 2014. DFS (FEL3) due in 2015. Industrial and edible salts, associated minerals (fertilizer) & storage/disposal 309 Mt Halite (NaCl) JORC Measured Resource = 525 year mine life 29 years + (Stage 1 is 500,000 tpa - majority for export) Development proposals submitted in November 2012. EIS in preparation. Environmental – 2016 Mining – Pending environmental Construction – Q1 2017 Production – 2020 (storage Q3 2017) Construction – 280-350 Production – 180 $464M Northern Territory Department of Mines and Energy Page 9 of 11 Mine Name Company Contact Location Description Product Resource Mine Life Approvals Proposed Schedule Jobs Capex MT TODD Vista Gold Australia Pty Ltd Brent Murdoch – Director & General Manager Australia Phone: (08) 8941 9105 Email: [email protected] 250 kms south of Darwin and 55 kms north of Katherine Reopen the Mt Todd Gold Mine. Conventional open pit mining extracting up to 17.8 million tonnes per annum of ore for onsite processing through newly constructed CIL Plant. Scope of Feasibility Study revised to include increased throughput. Environmental Impact Statement submitted & under assessment. Gold dore (370,000 ozs pa) 7.4 million ozs of measured and indicated mineral resources and 1.7 million ozs of inferred mineral resources 19 years (including 2 years construction) Environmental – Q3 2014 Mining – pending EPBC approval Construction – 2016/2017 Production – 2018 Construction – 400-450 Production – 350-400 $1.05B Northern Territory Department of Mines and Energy Page 10 of 11 Northern Territory Department of Mines and Energy Page 11 of 11
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