ABR sets timeline for Fort Cady
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.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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















