The wingellina tenement (Ni-CO) is right next door & Metals X (ASX : MLX MC.$330m) are in the process of preparing a DFS..currently conducting 'studies required for the DFS, including infrastructure, roads, rail and ports'.. (from quarterly activities) - Holders should be keeping an eye on MLX and the outcome of these studies. The geology of this tenement is also very interesting..
To the south we have the Cyclone Zircon project, owned by Diatreme Resources (DRX) who have finalised a very favourable DFS (npv = $150m~..
'The WCP will produce a moist HM concentrate that will be loaded into trucks for transport by road to an existing rail siding on the Trans Australian Rail Line. The mine and WCP will be located 220km north of the rail line and current planning assumes a road licence can be obtained for the preferred route through a nature reserve. Contingency planning has identified two alternative routes including a longer route around the nature reserve.
The trucks will dump the concentrate on a stockpile at the siding and a front end loader will load the concentrate into containers for rail transport. A rail service provider has provided budget pricing for several options to transport the concentrate in containers or in bulk to ports in WA and SA. The current preferred option is rail transport in containers from Forrest to Port Adelaide.'
As well as the Tropicana mine operated by Anglogold to the south west..
To the east you have the yulara natural gas facility operated by energy developments ltd
The area is definitely developing rapidly..Regardless, every major Australian mining district was at one time extremely remote.If Wingellina looks like it will get up in the next couple of years just imagine how that would improve the project economics for CZI
CZI Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
