https://www.miningweekly.com

Centaurus adds to Candonga resource

1st September 2014

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

  

Font size: - +

PERTH (miningweekly.com) – Metals developer Centaurus Metals has reported a 33% increase in the direct shipping ore (DSO) resource at its Candonga project, in Brazil.

Following a recent drilling programme at Candonga, the project was now estimated to host a Joint Ore Reserves Committee-complaint DSO resource of 1.2-million tonnes, grading 63.2% iron, of which some one-million tonnes was classified as measured and indicated.

Centaurus told shareholders on Monday that the updated DSO resource would underpin the feasibility study for the Candonga DSO project, which was scheduled for completion by the end of September.

“We are steadily ticking the boxes in moving Candonga towards development as a simple, low-cost DSO operation,” said Centaurus MD Darren Gordon.

He noted that the company was hoping to make an investment decision on Candonga, subject to the receipt of approvals, by the fourth quarter of this year. First production has been targeted for the first quarter of 2015.

The application for a trial mining licence, which allows for mining of some 300 000 t/y of ore, was lodged in April this year, while the environmental licensing process has also been advanced.

As part of the feasibility study work, Centaurus has also started mine planning and pit optimisation work, which would facilitate the definition of a maiden ore reserve concurrent with the delivery of the feasibility study.

Edited by Creamer Media Reporter

Comments

Showroom

John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.152 0.187s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: