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Thabazimbi iron-ore project, South Africa

16th August 2013

By: Creamer Media Reporter

  

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Name and Location
Thabazimbi iron-ore project, Limpopo, South Africa.

Client
Aquila Resources.

Project Description
The Thabazimbi project and Meletse iron-ore deposit have a total Joint Ore Reserves Committee-compliant iron-ore resource of 80.8-million tons, grading 61.1% iron.

With these resources, the project could support a four-million-ton-a-year direct shipping ore operation for domestic and/or international sales.

It is expected that the resource will have the capacity to produce at least 60% of the product as high-grade lump ore.

Value
Not stated.

Duration
Not stated.

Latest Developments
An initial, concept-level mine design was completed in the quarter ended June 30, incorporating the updated resource of 80.8-million tons, grading 61.1% iron.

The updated mine design has been incorporated into the mining right application, which is expected to be lodged with the Department of Mineral Resources in due course.

Meanwhile, a project-wide review of iron-ore exploration targets started in the June quarter to prioritise work programmes for the 2014 financial year.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Aquila Resources, tel +618 9423 0111, fax +618 9423 0133 or email mail@aquilaresources.com.au.

Edited by Creamer Media Reporter

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