This may help, Wormo. It's from the june 09 PFR., prior to AZC being administered.
EXPLORATION LICENCE 4521 HORSHAM, VICTORIA Australian Zircon has advised that the first stage of its planned Bankable Feasibility Study on the potential development of the WIM150 deposit is progressing steadily. Stage one includes reviews of water supply options, radiation regulations and overview of Victorian regulatory processes. The commencement of a bankable feasibility study of WIM150 marks a significant advance in the assessment of the mineral resources within E.L. 4521. Australian Zircon may earn an 80% interest in WIM150 by completing a Bankable Feasibility Study on the deposit. Approximately five tonnes of fresh WIM150 obtained from the high zircon portion of WIM150 has been processed by Downer EDI Mining. Australian Zircon reports that using standard mineral sand technology and processes, feed preparation test work achieved an 84% recovery of zircon to a Heavy Mineral Concentrate. Subsequent mineral separation plant test work produced ilmenite, secondary ilmenite, Hi-Ti (high titanium) and zircon products. The overall recovery of zircon to a final product was approximately 61%. A study was initiated of the potential of the Cambrian basement, which underlies the marine sediments of the Murray Basin within E.L. 4521, to host porphyry style copper and gold mineralisation, similar to targets being evaluated by Beaconsfield Gold near Stavely. Austpac‟s detailed aeromagnetic coverage provides information on the geology and structure of the basement underlying this veneer of sediments, and air-core drilling is required to assess prospective zones within the basement.
APG Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
