Overview
Status | Inactive / Suspended |
Mine Type | Stockpile |
Commodities |
|
Production Start | ... |
Mine Life | 2021 |
Weatherly suspended operations at the Tschudi mine in February 2020, as the ore body was depleted. Production was sustained by processing the remaining stock-piled ore, throughout 2021. |
Source:
p. 9,10
Company | Interest | Ownership |
Bonohgroup Ltd.
|
100 %
|
Indirect
|
On 1 June 2018, Simon Kirkhope and Andrew Johnson were appointed as Joint Administrators of the Weatherly International plc.
Following no viable third party offers having been received and on the basis that a thorough marketing process had been run and a purchaser had not been found, the Administrators approved and accepted an offer received by Bonohgroup Limited, whose Director, John Sisay, is a person connected with Weatherly International PLC (“the Company”), to purchase the shares the Company held in WNSL, CARN and CARN Holding. CARN which held Berg Aukus and Weatherly (Namibia SL) LTD (St Lucia) “WNSL” which through Ongopolo Mining Ltd (Namibia) “OML” held the Tschudi mine, Central operations and the Tsumeb township and concentrator.
Exchange of contracts took place on 28 July 2020, following this on 2 September 2020 the share sale was completed and the shares in the Company’s subsidiaries were sold to Bonohgroup Limited (is a private company).
Contractors
- Subscription is required.
Summary:
The Tschudi Project area is located within the Otavi Mountainland of northern Namibia, which forms part of the Northern Carbonate Platform of the Pan African Damaran orogen. The Damara Supergroup is an orogenic belt that was deposited on a pre-1.0 Ga granitoid basement, the Grootfontein Basement Complex. It is composed of a 400km wide north-east trending arm, as well as two coastal arms, that all join in the region of Swakopmund, on the western coast of Namibia.
The Tschudi orebody is hosted within the basal arenite of the Mulden Group, the Tschudi Formation, unconformably overlying the Otavi dolomites. The orebody transgresses from the Huttenberg dolomites, through the basal conglomerate, and up into the clean arenites for approximately 15 - 20m.
The Tschudi Deposit hosts various different mineralization facies, separated out into oxide, transitional and sulphide zones. The copper mineralization is preferentially developed in the base of the arenite sequence on the southern limb of the syncline, as a disseminated, continuously distributed roughly planar sheet, varying from two metres to at least 40m thick. There is a continuous basal mineralized zone termed the Lower Zone lying on the dolomite surface, with occasional lenses/pods of mineralization occurring several metres above constituting the Upper Zone. These lenses plunge downdip, towards the base of the syncline. The mineralization is best developed within the medium to fine grained feldspathic a ........
Summary:
Weatherly suspended operations at the Tschudi mine in February 2020, as the ore body was depleted. Production was sustained by processing the remaining stock-piled ore, throughout 2021.
Source:
- subscription is required.
Source:
Summary:
- subscription is required.
Production:
All production numbers are expressed as cathode.
Operational Metrics:
Metrics | 2019 | 2017 | 2016 |
Annual production capacity
| 17,000 t of copper cathode | 17,000 t of copper cathode | 17,000 t of copper cathode |
Ore tonnes mined
| | 2,661 kt | 2,732 kt |
Total tonnes mined
| | 22,417 kt | 25,688 kt |
Reserves at December 31, 2017:
The Ore Reserves are reported above a copper cut-off grade of 0.3%.
The Mineral Resources are reported above a copper cut-off grade of 0.3%.
Mineral Resources are reported inclusive of Mineral Reserves.
Category | Tonnage | Commodity | Grade | Contained Metal |
Proven
|
6.2 Mt
|
Copper
|
0.93 %
|
57.1 kt
|
Probable
|
9.4 Mt
|
Copper
|
0.86 %
|
81.1 kt
|
Proven & Probable
|
15.6 Mt
|
Copper
|
0.89 %
|
138.2 kt
|
Measured
|
6.4 Mt
|
Copper
|
0.95 %
|
61.2 kt
|
Indicated
|
23.2 Mt
|
Copper
|
0.84 %
|
195.4 kt
|
Measured & Indicated
|
29.6 Mt
|
Copper
|
0.87 %
|
256.6 kt
|
Inferred
|
21.4 Mt
|
Copper
|
0.61 %
|
131.1 kt
|
Commodity Production Costs:
| Commodity | Units | 2017 |
C1 cash costs
|
Copper
|
USD
|
5,288 / t
|
Financials:
| Units | 2017 |
Revenue
|
M USD
|
75.1
|
Operating Income
|
M USD
|
-32.4
|
Gross profit
|
M USD
|
-16.1
|
Pre-tax Income
|
M USD
|
-41.1
|
Mine Management:
Job Title | Name | Profile | Ref. Date |
.......................
|
.......................
|
|
Jan 14, 2024
|
- Subscription is required.
Corporate Filings & Presentations:
- Subscription is required.
- Subscription is required.