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SIGNED, SEALED & DELIVERED

lised to site with assembly complete and
commissioning under way.
“Port and offtake remain the key items for
us to complete,” FEL executive chairman
Tony Sage said. “These are well advanced
and we expect to update shareholders
shortly.”

Cauldron, Core set to
simmer at Blackwood
A key contract with BHP Nickel West was one of the catalysts for DRA Global’s dual Cauldron Energy Ltd has awarded the
listings on the ASX and JSE drilling contract for its Blackwood gold
DRA hits the boards American company Hatch Ltd will consult project in Victoria to Core Prospecting
Ltd.
as engineers for the use of lithium chemicals
DRA Global Ltd has joined the ASX and and its extraction, while Canadian company Core will undertake underground dia-
the Johannesburg Stock Exchange (JSE) fol- GLJ Ltd will compile the overall report of the mond drilling on site via the 1.5km long
lowing an $11.7 million IPO. DFS, provide economic modelling and ap- Tyrconnel access. Cauldron has received
The listing was achieved after a slew of prove the geological and geothermal engi- all necessary approvals, paving the way
high-value contracts were inked with com- neering for the project. for Core to start within the coming weeks.
panies including Rio Tinto Ltd, BHP Ltd, steel In collaboration with these North Ameri- Tyrconnel intersects the Eastern and
manufacturer Arcelor Mittal and Anglo Ameri- can engineering consultants, Vulcan’s own Western reef packages which have yield-
can Plc, contributing to more than $600 mil- in-house teams will provide support. This ed high historic gold grades, including the
lion in work for the first half of the year. includes a lithium chemistry and chemical Sultan shaft which produced 73,000oz
DRA expects $1.2 billion in revenue by the engineering team, a geothermal engineering gold in the 1860s out of Victoria’s prolific
end of this calendar year. team and a below surface engineering team. ‘Golden Triangle’.
One of those contracts was from BHP The DFS is slated to take 12 months to Cauldron believes the Tyrconnel ac-
Nickel West for engineering and design to the complete and is fully funded following a $120 cess provides the ideal opportunity for its
Mt Keith expansion. The scope includes con- million raise in February. geologists to target all of the reef systems
struction of a new stockpile feed conveyor, a underground and return quality samples.
coarse ore stockpile, a reclaim conveyor, a “Cauldron has defined and followed
16MW SAG Mill grinding circuit and an 11kV FEL awards haulage through on its strategy and commitment
substation. contract for JWD to use traditional access and methods to
“DRA’s listing on the ASX and JSE is an explore this historically prolific and largely
important next step in our long-term growth Fe Ltd (FEL) has executed a haulage overlooked goldfield,” Cauldron director
plan,” managing director Andrew Naudè said. contract with David Campbell Transport Pty Jess Oram said.
“We will continue to establish DRA as a lead- Ltd for its JWD iron ore project.
ing engineering, project delivery and opera- Campbell will haul a minimum of 1,200 GR joins Tanami
tions management business.” tpd, which covers 60% of planned output
from JWD, alongside being responsible for expansion plan
road train loading services to the other con-
Vulcan assembles tractors transporting the remaining product. GR Engineering Services Ltd has exe-
DFS team The haulage rate will be fixed for the first cuted a subcontractor agreement with RUC
Cementation Mining Contractors Pty Ltd as
six months and afterwards will be in accord-
Vulcan Energy Resources Ltd has appoint- ance with FEL’s realised iron ore prices. part of Newmont Corp’s expansion of the
ed a DFS team for its planned Zero Carbon In the meantime, the crush and screen Tanami gold mine in the Northern Territory.
lithium project in Germany. plant for the JWD project has been mobi- RUC has been engaged by Newmont un-
der a head contract to complete certain con-

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