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