Broken Hill Prospecting (ASX:BPL) has lodged five Exploration Licence Applications to explore for heavy mineral sand deposits in the Murray Basin, south of Broken Hill, New South Wales.
BPL has identified five areas, all of which have been discovered and drill tested by other mineral explorers including Iluka Resources (ASX:ILU).
The targets are fine-grained, bulk tonnage titanium and zirconium sands over 20 prospects, several with considerable zones of HMS.
These new projects could add considerable value to BPL and provide important synergies for any future development of BPL’s cobalt-pyrite deposits and associated chemical industries based on sulphuric acid production.
BPL has reviewed historical mineral sand exploration in NSW with a view to establishing a foothold in the HMS industry where emerging technology is making significant advances in processing and recovery of titanium and zirconium minerals.
Cristal Mining currently operates two mineral sands mines in the NSW Murray Basin and a mineral separation plant at Broken Hill.
According to Cristal’s December 2013 quarter report these produced 163,479 tonnes of ilmenite and sales revenues of $309 million during 2013.
The NSW Department of Planning & Environment recently approved Cristal Mining’s application to construct and operate a new Murray Basin mining operation.
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