Today Gippsland had another announcement re copper/ nickel! But the interesting thing was the message at the bottom of that announncement ; do you people really understand just how huge the Gippsland tantalum/feldspar/tin/gold./nickel etc etc machine is!!!!!!!!!!!!!!
Gippsland owns 50% of the 40 million tonne Abu Dabbab and the nearby 98 million tonne Nuweibi tantalum deposits via an equal joint venture with the Egyptian Government. Gippsland maintains board and management control of the joint venture company Tantalum Egypt JSC for the life of the project. The project will operate in its own Egyptian Free Trade Zone which will provide numerous benefits including relief from taxation, royalties, customs import duties and export/import licensing. Gippsland has completed a definitive Abu Dabbab feasibility study based on an initial mill-feed rate of 2 million tonnes per annum producing approximately 650,000 pounds of tantalum pentoxide (Ta2O5) per annum. All Abu Dabbab permitting has been finalised while all required environmental studies have been completed to World Bank standards. Abu Dabbab is expected to have a mine life of 20 years with the nearby 98 million tonne Nuweibi deposit providing an opportunity to greatly extend this mine-life and increase the rate of production. Based upon present spot prices, the Abu Dabbab and Nuweibi deposits have a combined in-situ tantalum and tin value of approximately US$2.9 billion.
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