Transition’s mining lease will sort, upgrade and load ores for transport via road or rail. Upgrading will improve payable metal prices and provide flexibility in sale options, while wet processing is not being considered due to costs and anticipated administrative delays.
Transition plans to utilise one of its six MLs as a handling facility where it will sort, upgrade and load ore for transport to third parties. Sorting and upgrading options include crushing, screening and mechanical separation of heavy minerals from the lighter waste rock via cyclone or similar dry gravity methods. Field samples have been collected and test-work to determine an optimal process is ongoing.
Studies indicate a moderately robust operation through simple and cost-effective sorting and crushing of the ore, with subsequent sales at a discount to payable metal prices. Options to improve payable metal prices include upgrading the ore to a “low-grade” saleable concentrate (+/- 10% Cu). The additional cost of installing upgrading equipment is anticipated to be more than offset by savings in haulage and through receiving higher payable prices.
Upgrading the ore also provides flexibility in sale options, including to offshore buyers.
Transition is not considering wet (chemical) processing at this stage, which at significant cost would possibly result in a much higher quality metal product and much higher payable metal prices (approaching LME). Anticipated administrative delays and costs in seeking the various approvals do not make this an attractive option for Transition at this point in time.
corp.admin@transitionresources.com.au
San Remo 3925, Victoria, Australia
Transition Resources Pty Ltd
(ABN 45 624 842 084)
corp.admin@transitionresources.com.au
San Remo 3925, Victoria, Australia
Transition Resources Pty Ltd
(ABN 45 624 842 084)
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