That would be about correct;
From the MDL Business Review 2008:
- The inferred heavy mineral resource for the main deposits has been estimated at 1.33 billion tonnes of sand averaging 2.5% heavy mineral at a cut-off of 1.5% heavy mineral.
From MDL Grande Cote Zircon Project booklet:
- Mine 52 million tonnes of sand per year
- Mine life 25 years
Also, there are new opportunities (markets) with leucoxene, rutile and secondary ilmenite which was once only considered as surplus.
Sabodala is a bonus with MDL, the zircon project is the real money-maker for the company.
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