Koongie Park copper/zinc project, Australia
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Name of the Project
Koongie Park copper/zinc project.
Location
Hall’s Creek region, Western Australia.
Project Owner/s
AuKing Mining.
Project Description
A scoping study has confirmed the potential for a financially robust, globally competitive operation.
The proposed mine will source mineralisation from four openpit mines – Sandiego, Mt Angelo North, Onedin and a later-staged operation from the low-grade Bommie. An underground mine will also be built at Sandiego. All ore will be processed at a central facility at Sandiego, with a nameplate capacity of 750 000 t/y of the run-of-mine ore.
Total production is estimated at 110 000 t copper, 38 000 t zinc and 355 000 oz silver over an 11-year mine life.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at an 8% discount, of about A$176.9-million and an internal rate of return 39.7%, with a payback of 2.45 years.
Capital Expenditure
Preproduction capital expenditure is estimated at A$134-million.
Planned Start/End Date
Not stated.
Latest Developments
AuKing is finalising its work plan for next-stage studies. The company has sufficient funds to start further study work and fund ongoing exploration.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
AuKing Mining, tel +61 7 3535 1208 or email admin@aukingmining.com.
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