https://www.engineeringnews.co.za

Altona adds to Little Eva resource

27th May 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Copper miner Altona Mining has reported a 6% increase in contained copper and a 4% increase in contained gold at its Little Eva copper/gold deposit, in Queensland.

The ASX-listed company said on Tuesday that the new resource estimate was based on a new geological model derived from a reclogging and data validation programme, rather than further drilling.

The new model has increased the resource estimate to about 105.9-million tonnes, grading 0.52% copper and 0.09 g/t gold for 546 000 t of contained copper and 295 000 oz of contained gold.

This compared with the previous estimate of 100.3-million tonnes, for 534 000 t of copper and 284 000 oz of gold.

Altona has previously estimated that the Little Eva deposit would require a capital investment of A$294-million to develop a large-scale openpit mine and three smaller satellite deposits. Ore would be processed at a rate of seven-million tonnes a year and was expected to produce some 150 000 t/y of clean copper/gold concentrate, containing an average of 38 800 t/y of copper and 17 200 oz/y of gold.

The project was expected to have a mine life of 11 years.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 
CSIR International Convention Centre (CSIR ICC)
CSIR International Convention Centre (CSIR ICC)

CSIR International Convention Centre (CSIR ICC) - the leading conference and events venue in Pretoria/Tshwane.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.048 0.93s - 140pq - 2rq
Subscribe Now