Arrowsmith North to cost A$28m
PERTH (miningweekly.com) – The Arrowsmith North silica sand project, in Western Australia, would require a capital investment of A$28.26-million to develop, ASX-listed VRX Silica reported on Wednesday.
A bankable feasibility study (BFS) into the project found that some 47.7-million tonnes of silica sand would be produced over an initial 25-year mine life, generating cash flows of some A$835-million.
The BFS estimated a post-tax net present value of A$242.3-million and an internal rate of return of 79% for the Arrowsmith North project, with life-of-mine C1 costs estimated at A$30.18/t.
“We are delighted with the results of ongoing work for Arrowsmith North and, following our BFS, the conversion of the mineral resource estimate into a maiden probable ore reserve,” said VRX Silica MD Bruce Maluish.
“These results support our continued assessment of Arrowsmith North as a compelling silica sands project with world-class potential.”
The project is expected to produce four saleable silica sand products suitable for international glass making, foundry and ceramic markets, with Maluish saying on Wednesday that the company was continuing offtake discussions.
Work is also continuing on the environmental and mining approvals for the Arrowsmith North project.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
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













