JACINTH-AM­BROSIA [Eu­cla Basin, South Aus­tralia)

The Australian Mining Review - - ILUKA RESOURCES -

• De­cem­ber 2017 restart fol­low­ing 20 month sus­pen­sion Restart costs: ~$7 mil­lion

80 em­ploy­ees and 95 con­trac­tors on site

Group zir­con pro­duc­tion of 300,000t ex­pected in 2018 $40m up­grade project sub­ject to on­go­ing mine op­ti­mi­sa­tion work Mine life: 8.5 years

Cap­i­tal cost: $250m-$275m

Off­take agree­ments se­cured for 85% of syn­thetic ru­tile pro­duc­tion for min­i­mum 4 years

Con­struc­tion pe­riod: ~18 months

First pro­duc­tion: H1 2019 Re­source mine life: +50 years

Iluka’s first full year of own­er­ship

Sig­nif­i­cant op­er­a­tional im­prove­ments in 2017, in­clud­ing in­creased heavy min­eral re­cov­ery and con­cen­trate grades

Ex­pan­sion projects pro­gressed and on track Po­ten­tial pro­duc­tion start-up: 2021

Large, deep, high grade ru­tile-rich de­posit

Pro­gress­ing de­tailed feasibility study us­ing in­no­va­tive, un­con­ven­tional un­der­ground min­ing method

Plan­ning for fi­nal $25m field trial un­der­way

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