Australian Shares Sparty's Blog
Comments on this blog should never be taken as investment advice
Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.
Main Forum•Gippsland LTD Huge Tantulum Resource
-
The Abu Dabbab Project (Egypt) has a JORC Code Mineral Resource of 44.5 million tonnes at a grade of 250g/t Ta2O5
The Company's nearby Nuweibi tantalum deposit has a JORC Code Mineral Resource of 98 million tonnes at a grade of 147g/t Ta2O5.
The Abu Dabbab and Nuweibi deposits contain a combined 55 million pounds of Ta2O5, an amount which is sufficient to satisfy entire global tantalum demand for more than a decade.
The Abu Dabbab Project is scheduled to commence operations at an initial mill feed rate of 2 million tonnes per annum, producing in excess of 650,000 pounds of Ta2O5 per year, which by today's standards would make it the world's largest single producer.
Abu Dabbab Project's favourable location allows year-round access in an area supported with excellent infrastructure. Abu Dabbab's tantalum and tin content is mineralogically simple and is contained in an apogranite in contrast to carbonatite hosted deposits which are by nature more chemically complex and difficult to process. Additionally, Abu Dabbab tantalum mineralisation is low in uranium and thorium relative to other primary tantalite deposits.
Most importantly, the deposit will be mined using simple open-pit techniques whilst enjoying a most favourable ORE : WASTE strip ratio of 1 : 0.83.
