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NEWS





      Oz focused on Carrapateena ramp-up




          outh  Australian copper producer Oz   up the mine,” Oz chief executive Andrew   ed 4.25 mtpa can be achieved by year’s
      SMinerals Ltd delivered on its promise   Cole said.                       end. However, it remains the company’s
       to produce the first saleable concentrate   “The streamlined mine design with an   long-term goal to transition to block cave
       from its new Carrapateena underground   expanded footprint will improve cave es-  mining at Carrapateena.
       mine before the end of last year. In 2020,   tablishment, reduce risk during the ramp-  Speaking at the SA Exploration & Min-
       the company will embark on an aggres-  up phase and may enable future annual   ing  Conference  in  late  November,  Oz
       sive ramp-up of operations in a bid to   throughput expansion opportunities as   chief commercial officer Mark Irwin said
       reach its desired run rate of 4.25 mtpa   we continue to assess options to expand   a PFS on various caving opportunities
       within the next 12 months.          capacity above 4.25mt annually.”     would be finalised mid-year.
        First concentrate was initially sched-  Carrapateena’s output for 2020 is ex-  “The opportunity is for us to convert
       uled for delivery in November 2019 but   pected to be 20,000-25,000t copper and   from  sub-level  cave  to  block  cave  by
       had to be pushed back a month after an   35,000-40,000oz  gold  at  an  estimated   about 2026,” Irwin said.
       incorrect part  was  supplied  during the   full-year C1 cost of $US1.80-2/lb. Oz also   “Our assumptions at the moment are
       construction of the processing plant. De-  indicated unit costs will be higher in the   – and we’re very comfortable with those
       spite a few anxious moments for share-  first half due to the fixed-cost nature of the   assumptions – that we have the abil-
       holders, Oz confirmed the milestone had   mine, about 160km north of Port Augusta.  ity to process upwards of 10-12 mtpa on
       been achieved within the timeframe set   A  more  detailed  guidance  was  ex-  that block cave, which will be upwards of
       more than two years ago.            pected to be released with the December   the 4.25 mtpa that we’ll be processing
        In  an  ASX  release  announcing  the   2019 quarterly report at the time of print.  through the sub-level cave.
       milestone on December 20, Oz indicated   Oz plans to continually test and op-  “What’s been very helpful is we actually
       “sufficient”  saleable  concentrate  would   timise  plant  works  in  the  first  half  as  it   have high-grade bornite both in the sub-
       be  delivered  to  the  filter  feed  tank  to   chases gradual increases in throughput   level cave but also through the deposit
       complete  the  first  concentrate  press  on   and recoveries which it hopes will lead   itself, so by being able to go to the block
       schedule.  The  company  also  said  more   to a higher output at the back end of the   cave  model,  where  you  mine  from  the
       than 280,000t of development ore has   year.                             bottom up, we’re able to access the much
       been stockpiled on the surface for the   Sub-level  cave  mine  production  also   higher grade bornite-hosted copper more
       2020 ramp-up campaign.              began late last year and Oz is confident   readily  than  if  we  mined  top-to-bottom
        “Our key operational focus remains on   its optimised mine design will allow for a   over time.”
       underground  development  as  we  ramp-  more rapid ramp-up, ensuring the target-  Irwin said the company wanted to have
                                                                                completed all of its studies for block cave
                                                                                mining scenarios by 2022 as that was the
                                                                                crunch point for what it needed to do next
                                                                                with its declines.
                                                                                 Meanwhile, mineral sands miner Iluka
                                                                                Resources Ltd has hailed its shift in focus
                                                                                from Jacinth to Ambrosia as a success.
                                                                                 The operational move was originally
                                                                                slated for 2022, but Iluka opted to bring
                                                                                that transition forward to last year in an at-
                                                                                tempt to “smooth” the company’s overall
                                                                                zircon production levels.
                                                                                 Iluka technical services manager Nick
                                                                                Bartsch said the transition was completed
                                                                                on time and on budget.
                                                                                 “It is expected we will be able to sustain
                                                                                similar levels to what we were mining at
                                                                                Jacinth for the first few years at Ambro-
                                                                                sia and then in later years, when grades
                                                                                do decline, they will be able to be supple-
                                                                                mented with concentrate already stock-
                                                                                piled on site from Jacinth,” Bartsch said.
                                                                                 Iluka  is  attempting  to  sustain  zircon
                                                                                production around 335,000 tpa at Ja-
                                                                                cinth-Ambrosia for at least the next two
                                                                                years. Additional feed could come from
                                                                                the Atacama satellite deposit, about 5km
                                                                                north-west of the existing mining centre,
               The first saleable copper-gold concentrate from Carrapateena was produced on   as early as 2022, pending a positive out-
         December 20. Oz intends to aggressively ramp-up operations over the next 12 months to   come from the upcoming PFS.
                                        meet its target 4.25 mtpa run rate by year’s end           – Michael Washbourne



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