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Australia

Yandanooka Project

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Summary

Mine TypeOpen Pit
Study CompletedPrefeasibility
Study in ProgressFeasibility
Commodities
  • Heavy Minerals
  • Ilmenite
  • Rutile
  • Zircon
  • Monazite
Mining Method
  • Truck & Shovel / Loader
  • Dry mining
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SnapshotYandanooka is the largest deposit in Image’s Eneabba HMS Project Area. Atlas project development is forecast to be followed by the development of Image’s Yandanooka project, with funding for Yandanooka anticipated to be partly sourced from internally generated cashflows from Atlas.

In Q2 2024, the Company completed a pre-feasibility study for Yandanooka. This project is anticipated to have a shorter development timeline compared to other projects, due to lower environmental sensitivities and minimal heritage considerations as it is located on private farmland.

Based on the positive PFS results, this study will be upgraded to a Bankable Feasibility Study (BFS) using the same development methodology as the successful Boonanarring project. However, as some Boonanarring plant components have been relocated to Atlas, the initial Yandanooka development capital in the PFS is expected to increase by about $22 million to replace equipment, and this adjustment will be reflected in the BFS.

Owners

SourceSource
CompanyInterestOwnership
Image Resources NL 100 % Indirect
Yandanooka Mineral Sands Project is 100%-owned Image Resources.

Contractors

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Deposit type

  • Mineral sands

Summary:

Yandanooka is situated within two sub-basins of the Perth Basin. The eastern hinterland was formed by the Urella Fault displacing the Archaean Mullingarra Gneiss within the Irwin sub-basin. To the west of the Urella Fault the Dandaragan trough formed, which hosts the majority of the tenure.

Heavy Mineral sands are the product of Cainozoic coastal placer deposits formed as a result of a marine transgression. Eustatic change in sea level has resulted in the prospective stratigraphy being situated between 280 mRL and 300 mRL. HM sands are interpreted to be a dunal-style accumulations deposited on a plateau formed by an Eocene-aged paleo-shoreline.

Image is exploring for Cainozoic HM sands associated with strandlines and aeolian dunal occurrences.

The lithological sequence includes a 1 to 18 m thick unit of medium- to fine-grained yellow-brown sand, comprising mostly quartz grains, sub-angular to sub-rounded with good sorting which characterises the upper to middle section of the deposit. This unit is interpreted to be of aeolian origin and hosts the bulk of the HM concentrations. This unit lies above, and is flanked by, a grey sandy-clay unit, containing a 1 to 6 m thick “transitional” zone of rounded to angular and moderately sorted material at the top of the unit, above angular to sub-rounded, moderately to poorly-sorted sandy clay. HM is concentrated within the sand unit and the top of the sandy-clay unit. The base of the sandy-clay unit is interpreted to represent the top of the Yarragadee Formation.

Intermittent clay and areas of iron induration were intersected by drilling. The induration is characterised by poorly cemented soft to very soft (immature) silt-sandstone, some of which is weakly iron stained.

Dimensions
The Yandanooka deposit is 6.0 km long and up to 2.5 km wide. Mineralisation is between 1 m and 21 m thick, with an average thickness of 7 m. It contains a zone of higher-grade mineralisation (+3% total HM) that extends for 3.5 km and is up to 1.3 km wide. The higher-grade zone is between 1 m and 10 m thick, with an average thickness of 4 m.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Commodity Production

CommodityProductUnitsAvg. AnnualLOM
Heavy Minerals Concentrate kt 1311,043

Operational metrics

Metrics
Hourly processing rate  ....  Subscribe
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Stripping ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2024 study.

Production Costs

CommodityUnitsAverage
Total cash costs Heavy Minerals AUD  ....  Subscribe
C1 cash costs Heavy Minerals AUD  ....  Subscribe
* According to 2024 study / presentation.

Project Costs

MetricsUnitsLOM Total
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Sustaining CapEx $M AUD  ......  Subscribe
Total CapEx $M AUD  ......  Subscribe
OP OpEx $M AUD  ......  Subscribe
Processing OpEx $M AUD 92
Total OpEx $M AUD  ......  Subscribe
Royalty payments $M AUD  ......  Subscribe
Gross revenue (LOM) $M AUD  ......  Subscribe
EBITDA (LOM) $M AUD  ......  Subscribe
Pre-tax NPV @ 8% $M AUD  ......  Subscribe
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Pre-tax payback period, years  ......  Subscribe

Personnel

Mine Management

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Workforce

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