Australia

Bidaminna Project

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Categories

Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Zircon
  • Rutile
  • Monazite
Mining Method
  • Dredging
  • Truck & Shovel / Loader
Production Start... Lock
Mine Life... Lock
SnapshotThe Bidaminna is a standalone dredge mining operation.

Based on the positive PFS results, Image is commencing a Definitive Feasibility Study which will include a mineral separation plant (MSP). The MSP will likely be located at the existing Boonanarring WCP operation to take advantage of existing infrastructure.

Image has commenced work on growth researching the production of synthetic rutile (SR) using a fluidized bed reactor (FBR) and hydrogen as the iron reductant. Initial bench-scale testing is advancing well with results demonstrating that the ilmenite from Bidaminna can be readily and rapidly converted to SR with low impurities.

Owners

SourceSource
CompanyInterestOwnership
Image Resources NL 100 % Indirect
The Bidaminna mineral sands project is 100%-owned Image Resources.

Contractors

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Deposit type

  • Mineral sands
  • Sedimentary

Summary:

Bidaminna is hosted in the Perth Basin, in the Guildford and Yoganup Formations on the eastern margin of the Swan Coastal Plain.

The Yoganup Formation is a buried pro-graded shoreline deposit, with dunes, beach ridge and deltaic facies. This formation lies unconformably over the Lower Cretaceous Leederville Formation and is overlain by the Pleistocene Guildford Formation and Bassendean Sand.

The Yoganup Formation consists of unconsolidated poorly sorted sands and gravels, with local interstitial clay and heavy minerals that occur sporadically along the Gingin Scarp, which is interpreted to be an ancient shoreline that was stable during a period of marine regression.

The overlying Guildford Formation consists of silty and slightly sandy clay and commonly contains lenses of fine- to coarse-grained, very poorly sorted, conglomeratic and (in places) shelly sand at its base.

Two mineralised strandlines have been interpreted using a nominal cutoff grade of 1% total HM. Lower grade mineralisation is present within the sediments of the lower horizon of the Guildford Formation and within the Yoganup Formation.

Dimensions
Two mineralised strandlines have been interpreted within the resource area that have a strike length of 6.7 km. The historical Geopeko drilling indicates that the strandline mineralisation may extend to the north for an additional 2.8 km.

The upper strandline mineralisation, towards the base of the Guildford Formation, ranges in across strike width from 60 m to 405 m. The top of the upper strandline mineralisation has a minimum vertical depth of 11 m and ranges in thickness from 1 m to 27 m with an average thickness of 12 m.

The lower strandline mineralisation, that is within the Yoganup Formation, ranges in width from 260 m to 600 m. The top of the lower strandline mineralisation has a minimum vertical depth of 36 m and ranges in thickness from 1 m to 18 m with an average thickness of 9 m.

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

CommodityUnitsAvg. AnnualLOM
All production numbers are expressed as concentrate.

Operational metrics

Metrics
Hourly mining rate  ....  Subscribe
Hourly processing rate  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Annual processing rate  ....  Subscribe
Stripping / waste ratio  ....  Subscribe
Waste tonnes, LOM  ....  Subscribe
Ore tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2023 study.

Production Costs

CommodityUnitsAverage
All-in sustaining costs (AISC) Heavy Minerals AUD  ....  Subscribe
C1 cash costs Heavy Minerals AUD  ....  Subscribe
Assumed price Heavy Minerals AUD  ....  Subscribe
* According to 2023 study / presentation.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M AUD  ......  Subscribe
OP OpEx $M AUD  ......  Subscribe
Processing OpEx $M AUD 179
Transportation (haulage) costs $M AUD 109
Total OpEx $M AUD  ......  Subscribe
Royalty payments $M AUD  ......  Subscribe
Gross revenue (LOM) $M AUD  ......  Subscribe
EBITDA (LOM) $M AUD  ......  Subscribe
Net Income (LOM) $M AUD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M AUD  ......  Subscribe
After-tax Cash Flow (LOM) $M AUD  ......  Subscribe
Pre-tax NPV @ 8% $M AUD  ......  Subscribe
After-tax NPV @ 8% $M AUD  ......  Subscribe
Pre-tax IRR, %  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Oct 12, 2023
....................... Subscription required ....................... Subscription required Subscription required Oct 12, 2023
....................... Subscription required ....................... Subscription required Subscription required Oct 12, 2023
....................... Subscription required ....................... Subscription required Subscription required Oct 12, 2023

Aerial view:

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