Diatreme adds to Cyclone reserves
PERTH (miningweekly.com) – Diversified junior Diatreme Resources has reported a 47% increase in the ore reserve estimates at its Cyclone mineral sands project, in Western Australia.
The company on Monday reported that the Cyclone project was now estimated to have an ore reserve of 140-million tonnes, at 2.5% heavy minerals, containing 3.5-million tonnes of heavy minerals with one-million tonnes of zircon.
Based on a planned mining rate of ten-million tonnes a year, the reserve increase has resulted in a four-year extension of Cyclone’s mine-life, to 14-years.
“Cyclone continues to gain momentum and these upgrades demonstrate the project’s potential to become a major producer of valuable heavy minerals. By expanding and de-risking the project, we have put it in the best possible position to attract further investment and progress towards delivering cash flow for shareholders’ benefit,” said Diatreme CEO Neil McIntyre.
The project has a mineral resource of some 211-million tonnes, at 2.3% heavy minerals, containing 4.8-million tonnes of heaving minerals, including 1.27-million tonnes of zircon.
The project’s public environmental review was currently undergoing assessment by the Western Australian Environmental Protection Authority, which should be completed by February next year.
In the meantime, Diatreme continues to review opportunities to reduce capital expenditure and operating cost estimates for the planned mine, which was now targeting the supply of a single heavy mineral concentrate product to Chinese mineral separation plants.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...
VISIT SHOWROOM
The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...
VISIT SHOWROOM
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
