Australia's AIM Resources targets first zinc conc delivery 2008
Singapore (Platts)--3Aug2006
Australia's AIM Resources has targeted the first delivery of zinc concentrate from its Perkoa zinc project for early 2008, the company said Thursday.
This target date was possible on the appointing of Byrnecut Mining as its mining contractor for the project to assist in the ramp-up of ore production in time, it added.
The appointment will also enable AIM and Byrnecut to work together in optimizing the Perkoa mine development plan and mining equipment requirements, and commence to underground development in early 2007.
The Perkoa Zinc Project is located in the Sanguie Province of Burkina Faso, 120 km west of the capital Ouagadougou. The project is 35km by road from the country's third largest town, Koudougou, which is linked to neighboring states of Cote D' Voire, Ghana and Togo by tarred roads and by rail to Abidjan, capital of Cote D'Voire.
Perkoa has an Australasian Joint Ore Reserves Committee (JORC)-compliant Ore Reserve of 6.3 million mt at a mine head grade of 14.5% zinc (at a 9% zinc cut off), equating to 907,679 mt of contained zinc metal.
The bankable and feasibility study incorporates a mine design consisting of a shaft and decline to access the ore body, ramping up to deliver 0.5million mt/year of ore.A simple processing facility comprises a crushing circuit followed by dense media separation, milling and flotation, resultingin the production of 116,000 mt/year of relatively clean concentrate, grading 53% zinc over a 14 year mine life.
d.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)