Iron Road drilling program approved

Date: 5th August 2010
Project: Central Eyre Iron Project
Organisation: Iron Road Limited
ASX: IRD
Highlight: 64 diamond drilling hole program
Contact for project work: 08 9200 6020 - Corporate office

Iron Road Limited have announced the board approval for the commencement of their Stage V exploratory drilling program. The program has all the necessary government approvals. The program will commence as soon as possible and is expected to run until early 2011.

This drilling program is the latest phase of the Central Eyre Iron Project feasibility study.

This project is an opportunity for firms providing

• Drilling services
• Geological services
• Equipment supply
• Site services

For more information visit:
www.ironroadlimited.com.au

Argonaut announce new exploration program

Date: 29th July 2010
Project: Alford
Organisation: Argonaut Resources
ASX: ARE
Highlight: $1.3 million drilling program to begin
Contact for project work: 02 9268 5188

Argonaut resources has announced they are undertaking a $1.3 million exploration program at its Alford project on the Yorke Peninsula. The program will involve diamond core drilling of a series of high magnetic intensity anomalies. The primary focus of the exploration is to identify copper-gold deposits.

There is some anticipation around the exploration program as a large copper-gold deposit was recently announced at the Hillside Project some 80km away.

This project is an opportunity for firms providing

• Drilling services
• Equipment supply
• Site services

For more information visit:
www.argonautresources.com/

Copper discovered at Hillside

Date: 29th July 2010
Project: Hillside
Organisation: Rex Minerals
ASX: RXM
Highlight: Maiden copper-gold deposit
Contact for project work: 03 5337 4000

Ballarat based Rex Minerals has confirmed the discovery of a shallow copper-gold mineralisation near Ardrossan on the Yorke Peninsula. The deposit has multiple advantages such as the close proximity of existing infrastructure including major roads, power supply and port facilities, as well as the mineralisation beginning close to the surface.

The mineral resource estimate is 700,000t of copper and 650,000 oz of gold. The detection of metallic anomalies nearby indicates further exploration of the area will likely increase the size of the mineral resource.

Rex Minerals are now undertaking conceptual mining studies to show the potential of the project to fit within a large scale open pit design. This involves mineral resource estimation and nearby exploration potential for the purpose of mine life planning. More detailed metallurgical and mining studies are planned for the second half of 2010.

This project is an opportunity for firms providing

• Drilling services
• Engineering
• Equipment supply
• Site services

For more information visit:
www.rexminerals.com.au

Underground expansion at Prominent Hill

Date: 27th July 2010
Project: Prominent Hill
Organisation: OZ Minerals
ASX: OZL
Highlight: $135 million to be spent on new underground mine
Contact for project work: Prominent Hill Office (08) 8229 6600

The board of OZ Minerals have approved the construction of a new underground operation at their Prominent Hill mine in northern South Australia. All government approvals have been granted.

Preproduction expenditure on construction and other costs is expected to be $135 million. Construction will begin immediately with an instant need for a drilling contractor for the construction of ventilation shafts. First production is expected to be in the last quarter of 2011, with full production achieved in the second half of 2012.

The new mine will exploit the copper deposit to the west of the main open cut mine and will contribute an average of 25,000t of copper and 12,000oz of gold each year. The ore will be processed using the existing facilities established to process the ore from the main pit. The chalcocite-bornite deposit will be mined using sub-level open stoping techniques. The mine life of the underground western copper deposit is expected to be 5 years.

Exploration for similar deposits in the surrounding districts continues.

This project is an opportunity for firms providing

• Drilling services
• Engineering
• Construction
• Metal fabrication
• Equipment supply
• Mining contractors
• Site services

For more information visit:
www.ozminerals.com/

Phoenix Copper purchases Mountain of Light

Date: 4 June 2010
Project: Mountain of Light
Organisation: Phoenix Copper
ASX: PNX
Highlight: Acquires Copper producing asset.
Best contact person for project work: Paul J Dowd - 08 8364 3188

Phoenix Copper has acquired the Mountain of Light copper mine from Leigh Creek Copper Mining Pty Ltd. This purchase transforms the company from a mineral exploration firm to a cash flow positive mining company with an operational asset and a pipeline of future projects.

The mine is fully operational; however Phoenix Copper may be looking to seek out new suppliers of services and equipment in their efforts to make the operation more efficient and profitable. This provides an opportunity for alternative suppliers.

This project is an opportunity for firms providing

• Equipment supply
• Site services
• Mining contractors

For more information visit:
www.phoenixcopper.com.au/

Cairn Hill begins production

Date: 4 June 2010
Project: Cairn Hill
Organisation: IMX Resources
ASX: IXR
Highlight: Ore production has begun
Best contact person for project work: Duncan McBain – Managing Director, 08 9388 7877

The first ore production has been achieved at IMX Resources’ Cairn Hill mine. The magnetite-copper-gold deposit will ramp up production and begin its first shipment in the third quarter of this calendar year. Once full production is achieved, the mine will be delivering 6 trainloads of ore per week to Port Adelaide for export.

Most of the mining services contracts have been assigned including ore processing, haulage, rail freight and port handling. However opportunities may exist in mine site services and equipment supply.

This project is an opportunity for firms providing

• Equipment supply

For more information visit:
www.imxresources.com.au/cairn.asp

Kanmantoo resource expansion

Date: 4 June 2010
Project: Kanmantoo
Organisation: Hillgrove Resources
ASX: HGO
Highlight: 34% resource expansion
Best contact person for project work: Andrew Reeves - Engineering Manager, 08 8538 5100
Hillgrove Resources have announced that their Kanmantoo copper-gold project east of Adelaide is 34% larger than initially thought. This will result in a longer project life and greater economies of scale for Hillgrove Resources.

In addition recent drilling exploration in the Kanmantoo tenement has intersected new areas of copper-gold mineralisation. This has significantly increased the probability of expansion of the project to encompass the new deposits, and extend the mine life. The drilling program is ongoing to cofirm the extane tof the mineralisation.

This project is an opportunity for firms providing

• Heavy engineering
• Drilling services
• Construction
• Project management
• Mining contracting
• Equipment supply

For more information visit:
www.hillgroveresources.com.au/kanmantoo-project.html

Final approval given for Kanmantoo

Date: 21 December 2009
Project: Kanmantoo
Organisation: Hillgrove Resources
ASX: HGO
Highlight: $130 million construction expenditure
Best contact person for project work: Andrew Reeves - Engineering Manager, 08 8538 5100

Hillgrove Resources have received final approval for their copper-gold Kanmantoo project East of Mt Barker. The project will resurrect the old Kanmantoo pit which was in operation from 1970-76, but also includes an additional 32.2 million tonne resource identified through a definitive feasibility study.

Construction of the mine is expected to begin in February 2010 and is forecast to cost $130 million. The project will involve the construction of a 15km pipeline to deliver treated wastewater to the mine from Mt Barker. Designs need to be finalised before the contract for constructing the pipeline and pumphouse go out to tender.

Hillgrove is searching for a specialist mining contractor to undertake the mining operations whilst Hillgrove provide management and technical control. JWPM spoke to Hillgrove Resources CFO Russell Middleton and the firm is also looking for parties interested in partnering with Hillgrove to form a joint venture at Kanmantoo.

The mine is expected to be in production by Q1 2011, and will produce up to 2.5 million tonnes annually.  

This project is a potential opportunity for firms involved in providing

·        Heavy engineering

·        Construction

·        Project management

·        Mining contracting

·        Equipment supply

For more information visit:

www.hillgroveresources.com.au/downloads/asx/090810 Processing Plant Acquired for Kanmantoo.pdf

www.hillgroveresources.com.au/downloads/asx/090120 Waste Water to Flow to Kanmantoo.pdf  

www.hillgroveresources.com.au/kanmantoo-project.html

Chinese fund new feasibility study

Date: 15th December 2009

Project: Bungalow

Organisation: Centrex Metals

ASX: CXM

Highlight: $40 million to be spent on drilling and feasibility study

Best contact person for project work: Kevin Malaxos – Chief Operating Officer 08 8232 0400

 

The deal Centrex has struck is with Baotou, China’s 10^th largest steel maker. The deal surrounds the Bungalow iron ore project which has been identified as highly prospective by preliminary exploration. Baotou will acquire a 50% stake in the project in exchange for $40 million. The funds will be used to finance further exploration and a bankable feasibility study.

Centrex intends to undertake a 5,000m diamond drilling program and needs to establish a core yard and lease accommodation at the site as soon as possible to begin the study. This project provides an opportunity for:

• Camp construction
• Drilling equipment and management
• Equipment hire 
• Project management 
• Geological services
• Griding & surveying
• Soil sampling
• Logistics management
• Safety Services

For more information visit:

www.centrexmetals.com.au/images/asx_releases/asx_release77.pdf

www.centrexmetals.com.au/images/asx_releases/asx_release78.pdf

Deal to develop iron ore deposit

Date:  15th December 2009
Project: Wilgerup
Organisation: Centrex Metals
ASX: CXM
Highlight: $186 Million open cut mine development
Best contact person for contract work:  Kevin Malaxos – Chief Operating Officer 08 8232 0400

Centrex Metals has signed a deal a Chinese state owned enterprise to develop an iron ore deposit it has on South Australia’s Eyre Peninsula.

The deal is with the Wuhan Iron & Steel Corporation (WISCO) to develop the Wilgerup iron ore deposit located in the central Eyre Peninsula. WISCO will pay $186 million in exchange for 60% of the venture. Regulatory approval has been granted and the first payment was made in the September quarter 2009.

The open cut mine will be developed over the next 5-7 years and will provide opportunities in:

·        Heavy engineering

·        Construction

·        Equipment hire

·        Site catering

·        Project management

·        Sub-contracting

For more information visit:

www.centrexmetals.com.au/images/asx_releases/asx_release74.pdf

www.centrexmetals.com.au/images/community/community_project_overview.pdf

 

OZ Minerals and IMX Resources team up for exploration

Date: 15 December 2009
Project: Cairn Hill
Organisation: OZ Minerals and IMX Resources
ASX: OZL IXR
Highlight: The Cain Hill project is entering exploration stage and plans to spend $20 million on exploration for copper and gold deposits over five years.
Best contact person for project work: OZ Minerals CFO Andrew Coles, 03 9288 0340

After barely surviving the global financial crisis OZ Minerals has emerged ready to expand its portfolio of operations beyond its Prominent Hill Copper-Gold mine in South Australia’s north.
Whilst ramping up its exploration activities in its own mining leases, OZ Minerals have struck a deal with IMX Resources who have a series of exploration leases surrounding Cairn Hill close to Prominent Hill where OZ Minerals has established processing facilities. OZ Minerals will fund $20 million worth of exploration over 5 years in IMX Resources leases in exchange for a 51% interest in the deposits. The companies are particularly looking for more copper-gold deposits which will compliment OZ minerals existing facilities.
This exploration campaign will involve geophysical and drilling activities and is expected to begin by the 2^nd Quarter of 2010. This project provides potential opportunities for companies supplying…

• Camp construction
• Equipment hire
• Project management
• Geological services
• Griding & surveying
• Soil sampling
• Logistics management
• Safety Service

JWPM spoke to OZ Minerals and IMX Resources, procurement falls under the responsibility of OZ Minerals Chief Financial Officer, Andrew Coles, 03 9288 0340