Mining Intelligence and News
Australia

Cyclone Project

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Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Heavy Minerals
  • Zircon
  • Rutile
  • Leucoxene
  • Titanium dioxide
  • Ilmenite
Mining Method
  • Truck & Shovel / Loader
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Owners

SourceSource
CompanyInterestOwnership
Diatreme Resources Ltd. 100 % Indirect

Deposit type

  • Placer

Summary:

The deposit, an ancient coastal placer, is a surface deposit with low-grade overburden of about 9m to 18m, under which is a mineralised layer with an average thickness of about 13.5m, suitable for mining through an open-pit bulldozer mining method and conveyed by slurry pump. [FS p.28]

The Cyclone Deposit is made up of a number of mineralised strand systems which are interpreted to represent Tertiary beach placer deposits with associated overlying dunal and underlying near shore deposits. Quaternary cover overlies the deposit, and a shallow weathering profile with calcrete and ferruginous induration has developed in the overburden material, with the mineralised sands being free flowing with very little induration (rock) and low slimes contents which are favourable to conventional mining techniques.

Mineralisation occurs within bimodal near-shore fine sands, higher grade beach strandlines, homogenous beach sands, and overlying aeolian dune sands. A schematic stratigraphic column for Cyclone is presented below.

The mineralisation displays a very high value mineral assemblage and is dominated by zircon (31% of the HM) and a range of weathered / altered titanium bearing minerals (42% of the HM), with HiTi (70 85% TiO2) being the most abundant. Siliceous Ti-oxides (>10% SiO2) make up around 22% of the HM, but levels of other "trash" (i.e. low value) HM are very low.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

CommodityProductUnitsAvg. AnnualLOM
Heavy Minerals Concentrate kt 1481,940
Zircon Mineral kt 59772
Zircon Mineral in concentrate kt 936
Leucoxene Oxide kt 9.2
Ilmenite Oxide kt 49

Operational metrics

Metrics
Annual ore mining rate 10 Mt *
Annual mining rate 12.9 Mt *
Annual processing capacity 10 Mt *
Tonnes processed, LOM 131.9 Mt *
* According to 2018 study.

Production Costs

CommodityUnitsAverage
Cash costs Heavy Minerals USD 375.82 / t *  
Assumed price Leucoxene USD 800 / t *  
Assumed price Heavy Minerals USD 647 / t *  
Assumed price Zircon USD 1,500 / t *  
Assumed price Ilmenite USD 350 / t *  
* According to 2018 study / presentation.

Operating Costs

Currency2018
OP mining costs ($/t milled) USD 3.63 *  
Total operating costs ($/t milled) USD  ....  Subscribe
* According to 2018 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Working capital $M USD  ......  Subscribe
Sustaining CapEx $M USD  ......  Subscribe
Total CapEx $M USD  ......  Subscribe
OP OpEx $M USD  ......  Subscribe
Total OpEx $M USD  ......  Subscribe
Pre-tax NPV @ 10% $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Required Heavy Mobile Equipment

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Personnel

Mine Management

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Aerial view:

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