Sembehun rutile project, Sierra Leone – update
Name of the Project
Sembehun rutile project.
Location
Moyamba district, Sierra Leone.
Project Owner
Sierra Rutile.
Project Description
Sembehun is intended to be a major supplier of rutile. The project has an estimated 13-year mine life, based on current reserves.
Average production at steady state is forecasted at 176 000 t/y rutile (exclusive of titanium in concentrate), 98 000 t/y ilmenite (including ilmenite in concentrate) and 13 000 t/y zircon in concentrate.
Dry mining methods will be used.
Mineral concentrate from the project will be processed in a yet to be constructed magnetic separation circuit and proceed to Sierra Rutile’s existing mineral separation plant, which includes feed preparation and dry plants.
Net Present Value/Internal Rate of Return
The project has an after-tax net present value, at an 8% discount rate, of $318-million and an internal rate of return of 24%.
Capital Expenditure
Preproduction capital for Phase 1 is estimated at $284-million and Phase 2 at $52-million.
Planned Start/End Date
Phase 1 and Phase 2 will each to take 18 to 24 months to complete.
Latest Developments
The definitive feasibility study is in its final phase and is expected in the first half of 2024.
Discussions with major development partners are continuing to potentially fund key infrastructure, while strategic equity opportunities are also being explored.
Key Contracts, Suppliers and Consultants
DRA Projects (PFS).
Contact Details for Project Information
Sierra Rutile investor relations, email investors@sierra-rutile.com.
DRA Global, tel +27 11 202 8600 or email info@DRAglobal.com.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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