Speewah gets massive price tag
PERTH (miningweekly.com) – A scoping study into the Speedwah vanadium/titanium/iron project, in Western Australia, is estimated to cost between A$2-billion and A$2.5-billion to develop.
ASX-listed King River Copper told shareholders that the scoping study outlined the path forward to develop the Speedwah project, with the board now authorizing the stat of a prefeasibility in early 2019.
The company on Friday said that the base case used in the scoping study demonstrated that improvements in the business case could be made by reducing capital costs, enhancing project efficiency through various processing methods, the production of additional higher value, higher purity products, and incorporating the recent improvements in the sale price for vanadium pentoxide.
The prefeasibility study is currently slated for completion in January 2020, with feasibility studies set to launch soon after.
Based on positive outcomes and approvals, construction of the Speewah project could start in October 2021, with the project commissioning potentially under way by November 2022.
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