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HAZELWOOD RESOURCES LTD - ASX: HAZ
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Description
Hazelwood Resources Ltd is an emerging ferroalloy producer, with a majority interest in the largest, most advanced ferrotungsten plant outside of China which is currently under construction in Vietnam. Commissioning is planned for the March quarter of 2011.
Wogen Resources Limited is the exclusive agent for worldwide distribution of ferrotungsten from the operation, and are regarded as a leading trader in such commodities.
Hazelwood’s 100% owned Big Hill Tungsten Deposit in Western Australia is undergoing a definitive feasibility study and is proposed to become a significant source of supply for Hazelwood’s vertically integrated tungsten business, reducing the reliance on third-party feedstock. Big Hill hosts a 12 year JORC Ore Reserve and is capable of producing exceptionally pure tungsten concentrate.
ATC Ferrotungsten Project
In May 2010 Hazelwood acquired a 60% interest in Asia Tungsten Products Company Ltd, which is building a new ferrotungsten refinery near Vihn Bao in Vietnam. Stage one of the ATC Ferrotungsten Plant has a nameplate capacity of approximately 4,000 tonnes of ferrotungsten alloy per annum, equivalent to 3,000 tonnes of contained tungsten per annum (at 75% minimum tungsten content). A second stage, if completed, would have sufficient capacity to supply around 25% of the world’s ferrotungsten. ATC will commence operation during 2011 as a refining business and it is planned to vertically integrate the refinery with Hazelwood’s Australian tungsten projects to decrease the reliance on third party feedstock (tungsten concentrate).
Cookes Creek Tungsten
Hazelwood’s focus in Australia is the 100% owned Cookes Creek Tungsten Project in the East Pilbara of Western Australia. Hazelwood has worked towards de-risking this project as a future source of feedstock for its downstream ferrotungsten business in Vietnam.
Mt Mulgine Tungsten Project (Hazelwood 70%, Gindalbie Metals 30%)
The Mt Mulgine project is located 350km NNE of Perth and 300km ESE of the regional port of Geraldton in the mid-west region of Western Australia. Local access is via unsealed regional access roads, many of which have been upgraded to service recent mining at the nearby Minjar and Golden Grove mining operations. The total area of the project is approximately 70 km2, and consists of three granted Mining Leases, two granted Exploration Licences and four granted Prospecting Licences. Hazelwood owns a 70% interest in the tungsten and molybdenum mineralisation for the Mt Mulgine Project.
Cookes Creek Nickel
Hazelwood’s focus is the Cookes Creek nickel sulphide and tungsten project located near Nullagine in the East Pilbara of Western Australia. The project is situated approximately 220 kilometres northwest of Newman and 30 kilometres northwest of Nullagine.
Cookes Creek Iron Ore
The Cookes Creek iron project is focused upon the sout-eastern corner of the Cookes Creek suite of mining tenements. Iron formations are visible over various parts of Hazelwood's tenements at Cookes Creek and over the joint venture ground held with Giralia Resources NL. The iron formations noted in the south-east corner (E46/521) are particularly significant.
Vickers Well
The Company’s wholly owned Vickers Well project is located in the Eastern Goldfields of Western Australia, approximately 85 kilometres east-northeast of Leinster. This Greenfields project is situated in the Dingo Range Greenstone Belt, which flanks the southern part of the highly regarded Yandal Belt. The major gold production centre of Darlot lies approximately 35 kilometres to the southwest of the Vickers Well project.
Mine For
iron ore, nickel, tungsten, uranium, gold
Location of operation(s)
Western Australia, Vietnam
Address
Unit 2, 13 Oxleigh Drive
MALAGA, WA, AUSTRALIA
Phone
(08) 9320 5220
Website
Last Updated
20/12/2011
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.
