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Sorby Hills silver project, Australia

1st February 2013

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Sorby Hills silver project, Kimberley region, Australia.

Client
KBL Mining (75%).

Project Description
A prefeasibility study (PFS) completed for Stage 1 of the project has confirmed the robust economic viability.

The project has a global indicated and inferred resource of 16.7-million tons at 4.5% lead and 52 g/t silver.

The PFS envisages an initial 400 000 t/y openpit mining operation (Stage 1), with an operational mine life of at least ten years, covering 27% of the global indicated and inferred resource. Average production for the first five years is estimated at 800 000 oz/y of silver and 20 000 t/y of lead in concentrate.

The ore produced will be processed through conventional flotation to produce a lead/silver concentrate.

Value
Capital expenditure is estimated at $70-million.

Duration
Final environmental approval is expected by June. Development is expected to begin in 2014.

Latest Developments
None stated.

Key Contracts and Suppliers
Not stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
KBL Mining, tel +61 2 9927 2006, fax +61 2 9927 2050 or email info@kblmining.com.au.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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