Success at Kuranze would be first prize, but they must be running their ruler over STA’s Tajiri project as a fall back option. That project has similar high slimes and THM grade, albeit with just over half the rutile content. On the face of things, one would expect the Kwale hydro mining and WCP to be suitable for the deposit. The Kwale mining and WCP look to be double the size STA we’re considering in their scoping study. That may not be a bad thing as it’s a decent size deposit and expected to grow.
Whether Tanzanian government would be willing for them to truck concentrate to the Kwale MSP may be a bigger question … but a project acquisition / partnership with STA could be attractive as a fall back option.
BSE Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
(20min delay)