Sulphur Springs copper/zinc project, Australia
Name of the Project
Sulphur Springs copper/zinc project.
Location
The Pilbara region of Western Australia.
Client
Venturex Resources.
Project Description
The project has proven and probable reserves of 8.49-million tonnes grading 1.4% copper, 3.1% zinc and 14.3 g/t silver.
A definitive feasibility study (DFS) on Sulphur Springs has confirmed the project’s potential strong financial and technical merits based on a 1.25-million-tonne-a-year openpit and underground development.
The project will deliver average production of about 65 000 t/y of 25% copper concentrate (about 15 000 t/y copper payable metal) and 75 000 t/y of 50% zinc concentrate (about 35 000 t/y zinc payable metal).
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The net present value, at an 8% discount rate, is A$472-million and the internal rate of return is 51%, with a payback of 43 months.
Value
Preproduction capital is estimated at A$146-million.
Duration
Not stated.
Latest Developments
The Venturex board has approved the DFS and, subject to obtaining a suitable project finance package, the board will make a final investment decision. It is expected that construction will start shortly after project financing has been completed.
Key Contracts and Suppliers
Lycopodium (process plant infrastructure and nonprocess infrastructure); Lycopo-dium and Australian Laboratory Services (metallurgical testwork); Mil Min (geology and resources); Entech (mining, mine design and ore reserves); Knight Piesold (tailings management facility and geotechnical work); and Entech and BurnVoir Corporate Finance (financial modelling).
On Budget and on Time?
Not stated.
Contact Details for Project Information
Venturex Resources, tel +61 8 6389 7400 or email admin@venturexresources.com.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
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

















