October16 Australia's Paydirt

AUS TR ALI AN
GRAPHITE
23 March 2017 - Novotel Perth Langley
www.australiangraphiteconference.com
To present, exhibit or attend as a delegate please contact Melita Fogarty on (+61) 8 9321 0355 or email [email protected]
SAVE THE DATE


SIGNED, SEALED AND DELIVERED
Pilbara Minerals has shortlisted three groups to deliver the process plant EPC package for its Pilgangoora lithium-tantalum project
securing the necessary approvals. Subject to the parties entering into legally binding licensing and servicing agreements, Carbon will receive $US10 million for each project licence fee, split into two tranches of US$4 million when funding is secured and US$6 million on performance criteria being met in ac- cordance with the licence and services
agreements.
Carbon will also receive a production
royalty payment of $US0.30/MMBTU syngas as well as some pre-project ser- vices fees.
It is estimated it will take up to 18 months to secure permits and a further 18 months from then to achieve ignition of the rst panel.
CSA tasked with interpreting Banio data
Plymouth Minerals Ltd has appointed CSA Global to interpret seismic data and historical drilling information at its Banio potash project in Gabon.
CSA Global’s appointment follows Plymouth’s recent acquisition of exten- sive 2D seismic coverage over the Banio project area.
The experienced mining consultants will interpret hundreds of kilometres of seismic lines, focusing on the wide- spread potash-bearing zones occurring within speci c and identi able layers.
It is expected the information collected will assist in the nal drill-site delinea- tion for Plymouth’s upcoming drill pro- gramme.
“In addition, this data and its interpreta- tion will develop our understanding of the locations of the shallower potash occur- rences on our Banio concession,” Plym- outh managing director Eric Lilford said.
“Further releases with respect to the outcomes of the interpretation will be provided upon completion.”
Pilbara shortlists key plant contractors
Three contracting groups have been shortlisted to deliver the process plant EPC package at Pilbara Minerals Ltd’s Pilgangoora lithium-tantalum project in Western Australia.
Como Engineers Pty Ltd/Ausenco Ltd, RCR Tomlinson Ltd/Primero Goup Pty Ltd/Minnovo Pty Ltd and Kiewit Australia Holdings Pty Ltd/Hatch Ltd were select- ed from nine groups to have expressed interest in participating in Pilbara’s early contractor involvement (ECI) process.
It follows the appointment of respected project management consultants En- genium Pty Ltd as part of an integrated owner’s project management team fo- cused on delivery of Pilgangoora.
The three groups were chosen to vie for the nal contract because they of- fered the best combined technical and commercial capability, according to the lithium hopeful.
“It was very pleasing to see through- out the ECI process how many talented and highly capable organisations were available and willing to work with us on the processing plant,” Pilbara managing director Ken Brinsden said.
“By adopting an ECI arrangement, we will be able to compress the timeframe for the EPC selection process, allowing us to achieve our key objective of com- missioning the project in Q4 2017 while still maintaining a highly competitive pro- cess that ensures we get the best pos- sible outcome for the project and our shareholders.”
Meanwhile, Pilbara is considering a strategy to shortlist mining contractors to participate in an upcoming tender.
Canadian potash experts to review Oxley
Centrex Metals Ltd has appointed Canadian-based potash engineering experts Novopro to analyse and recom- mend optimisations for the proposed hydrometallurgical circuit at its Oxley po- tassium project in Western Australia.
Novopro will review the hydrometal- lurgical section of the project, including leaching and puri cation of potassium chloride from the molten salt roast circuit that extracts potassium from feldspar.
This work will build on the ndings of a scoping study completed in August and signals the start of work on the PFS, which will consider not only a start-up po- tassium nitrate (NOP) specialty fertiliser operation but also cover second stage expansion into the bulk potassium ferti- liser market.
A start-up operation and associated cost estimates in the scoping study were based only on a small fraction of the cur- rent inferred resource of 155mt @ 8.3% K20 (6% K20 cut-off).
The PFS is due for completion by the end of 2017.
Ascot follows in Car- bon’s energy footsteps
Carbon Energy Ltd has signed a non- binding term sheet with Ascot Energy Pte Ltd to license its key-seam technol- ogy and services to develop a modular 30MW capacity syngas-fuelled power project in Indonesia.
Singapore-based Ascot plans to be- come the leading syngas power gen- eration company in Indonesia and South East Asia and is proposing to closely model Carbon Energy’s Bloodwood Creek project, which had similar planning requirements.
The term sheet outlines a two-stage project, with the ini- tial design and construction of a single keyseam panel, followed by the development of addition- al panels suf cient to generate up to 30MW in capacity.
Ascot will be responsible for securing permits and approv- als for the project. The granting of these approvals will trigger the start of the legally binding licensing and service agree- ments between the parties in relation to the key-seam tech- nology. Carbon may provide paid services to assist Ascot in
PAGE 102 OCTOBER 2016 AUSTRALIA’S PAYDIRT
CSA Global will interpret seismic data and historical drilling information for Plymouth Minerals at the Banio potash project in Gabon


Syrah turns to local expertise for Balama
Graphite developer Syrah Resources Ltd has awarded a structural, mechanical and piping construction contract to Kentz Engineers & Contractors Ltd.
Kentz, a member of the SNC-Lavalin Group, will soon deploy workers to Syr- ah’s Balama graphite project in Mozam- bique, where the company has operated for more than 18 years.
Some of the projects Kentz has suc- cessfully delivered for past clients in Mozambique include the Moma min- eral sands project, the Mozal aluminium smelter, the Moatize coal mine, the Na- cala coal terminal and the Beria coal ter- minal upgrade.
Double the fun for CIMIC at Bowen Basin
CIMIC Group’s mineral processing and mining services arms have both won key contracts in Queensland’s Bowen Basin.
Sedgman has won a three-year con- tract extension to continue operations at the Red Mountain JV’s coal handling and preparation plant, adjacent to the Lake Vermont mine.
The contract is valued at $75 million. Sedgman is contracted to remain at the plant until June 2019, with the potential for another extension of two years there- after.
Meanwhile, Thiess will design and build an additional processing module at the plant for $20 million. Engineering, procurement, construction and commis- sioning of the module is due for comple- tion in late 2017.
Thiess will continue to operate and maintain the facility of the balance of the current contract term.
Sedgman has worked at the Red Mountain JV since 2007, while Thiess started operating at Lake Vermont the following year.
sidiary, Petowal Mining Company SA, to provide a full suite of open-pit mining services.
Mining is due to start in January 2017. The contract is valued at $300 million over a term of 75 months.
AMS expects to employ about 350 personnel to complete the contract, with more than 90% coming from local com- munities.
Some equipment required to com- plete drilling, blasting, load and haul will be sourced from within the group, how- ever, AMS estimates about $25 million is needed to purchase new equipment.
AMS is a JV between Australian con- tractors Ausdrill Ltd and Barminco Ltd.
Triple agreement boost for SA iron ore
Braemar Infrastructure Pty Ltd, a member company of the South Austral- ian Magnetite Consortium, has signed an agreement with two major Chinese groups to complete a DFS for a oating iron ore port capable of handling at least 25 mtpa of magnetite concentrates.
The oating port will be a major com- ponent of the integrated infrastructure for the development of Magnetite Mines Ltd’s Mawson iron project.
Under the terms of the agreement be- tween Braemar, Dalian Huarui Heavy Industry International Co Ltd (DDHI) and Bohai Shipbuilding Heavy Industry Co Ltd, a detailed engineering plan for con- struction of the port will follow the DFS.
The DFS, detailed design work and cost estimating will proceed on an open- book basis and there will be no upfront cost to Braemar. The consideration for the design work will be included in the agreed construction price when the pro- ject proceeds.
DDHI is an internationally regarded heavy material handling equipment de- signer and constructor and will act as the project manager. Bohai is a globally re- vered ship builder and will be principally
responsible for the design of the port hull. “DHH1 and Bohai have demonstrated great belief in the project and trust in the management of all the companies in the South Australian Magnetite Consortium,” Magnetite Mines executive chairman
Gordon Toll said.
“Additionally, it is a vote of con dence
in South Australia as an investment juris- diction. This is a major milestone in the application of this innovative approach to funding of feasibility and detailed engi- neering work, and is signi cantly lower- ing the upfront expenditures to develop the Mawson iron project.”
Magnetite Mines and Lodestar Equi- ties currently comprise the South Aus- tralian Magnetite Consortium. Toll is also the major owner and chairman of Lode- star, which also owns Braemar.
It is proposed that Magnetite Mines and Lodestar will soon simplify their re- spective corporate structures and merge all of their South Australian entities into one listed company.
RCR continues run of contract wins
Fresh from signing an agreement to deliver a primary crusher and overland conveyor system to Rio Tinto Ltd’s Sil- vergrass mine, RCR Tomlinson Ltd has announced it has won multiple contracts at BHP Billiton Ltd’s iron ore operations in the Pilbara.
RCR will complete rail signalling up- grade works at the Nelson Point train unloading station and supply a cool- ing system for the Mooka ore car repair workshop in Port Hedland.
The engineering and infrastructure rm has also signed a ve-year mainte- nance agreement for apron feeders
RCR’s contract win with BHP Billiton coincided with the company being se- lected by Visionstream Australia to sup- ply HVAC maintenance services to more than 40,000 facilities and network assets across the country for the next ve years.
AMS set to step out in Senegal
African Mining Services (AMS) has been nominated as the preferred contractor for Toro Gold Ltd’s Mako project in Senegal.
The principal terms and conditions of the appointment are still subject to full detailed documentation. AMS expects to enter into a contract with Toro’s wholly owned sub-
An agreement has been signed between the South Australian Magnet- ite Consortium and two major Chinese groups to design and construct a oating iron ore port which will bene t the Mawson iron project
Contracts with a major New South Wales utility provider for the provision of mainte- nance and shutdown ser- vices and with Sydney Water for a major upgrade to the Picton recycled water treat- ment plant were also part of the $170 million contracting package announced in late August.
The Silvergrass contract announced earlier that month is valued at $120 million.
AUSTRALIA’S PAYDIRT OCTOBER 2016 PAGE 103


COMINGS AND GOINGS
Richard Thompson
Richard Thompson has been appointed regional executive for Airobotics. Pre-
viously with Ausenco, Thomp- son is Airobotics rst Austral- ian representative as the company looks to increase exposure of its unmanned drone solution.
Trevor Benson has joined Walkabout Resources Ltd as chairman. Benson is a in- vestment banker specialising in corporate funding solutions and off-take agreements.
Jeff Williams has resigned from his roles as executive director and chief executive of World Titanium Resources Ltd, but will continue to assist the company as a consultant. Existing director Ian Ran- some has been appointed interim chief executive and Michael Silbert has joined the board as a non-executive di- rector.
Heath Roberts has re- signed as company sec- retary of KBL Mining Ltd.
Red River Resources Ltd has appointed base met- als off-take sales and market-
ing expert Bill Wise as a con- sultant to its Thalanga zinc project in Queensland.
Ian Goldberg has replaced Chris Hunt as BC Iron Ltd’s chief nancial of cer. Chief
ustralian Mines and Met-
als Association has ap-
board and management re- structure later this year. Man- aging director Bill Beament will become executive chair- man and incumbent chairman Chris Rowe will transition to non-executive director after the company’s November AGM. Chief operating of cer Stuart Tonkin will also be ap- pointed chief executive of c- er, with former Verve Energy boss Shirley In’t Veld and Atlas Iron Ltd founder David Flanagan joining an expand- ed board as non-executive directors. John Fitzgerald will assume the lead independent director’s role.
been elevated to the com- pany’s board as an executive director. Meanwhile, David Morgan has stepped down as chief executive.
C
Campbell as a non-executive director. Campbell, currently Central Asia’s company sec- retary, replaces Peter Thomp- son on the board of directors.
C
secretary of Sundance Re- sources Ltd, with Alan Rule to remain on the board as a non-executive director.
J
of Energy Resources of Aus- tralia Ltd following her promo- tion to Rio Tinto Ltd’s execu- tive committee. Zara Fisher has been named as her re- placement on the board.
J
Mount Burgess Mining Ltd. Stirbinskis was most recently chief executive of Drake Re- sources Ltd until its takeover by a technology company earlier this year.
phate developer Fertoz Ltd. Avery has more than 20 years of experience in the fertiliser industry. Former chairman James Chisholm will continue as a non-executive director.
Tom Eadie has resigned as non-executive chair- man of Copper Strike Ltd, with Harry Hatch joining the company’s board as a non- executive director.
A
pointed Amanda Mansini as director of workplace rela- tions.
Neil Porter has replaced non-executive director Michael Jardine on the board
of Pegasus Metals Ltd. Porter is a commercial manager with over 20 years of experience in the mining industry. He is also a non-executive director of Horseshoe Metals Ltd.
company’s vice-president business development, North America and Europe.
A
retary of Pilbara Minerals Ltd, lling the role recently vacat- ed by Alan Boys.
Amanda Mansini
erseus Mining Ltd has ap-
pointed Chris Woodall as
its new chief operating of cer. Woodall joins Perseus after working as senior vice-pres- ident of operations for Gold- Corp Inc and global director mining operations support for Barrick Gold Corp.
M
Hood as managing director. Hood has more than 15 years of experience in the mining and exploration industries, particularly on Australian and New Zealand projects for An- gloGold Ashanti Ltd.
Frank Terranova has re- signed as non-executive chairman of MinQuest Ltd,
with Paul Niardone temporar- ily stepping into the role.
oanne Farrell has resigned
as a non-executive director
NR
orthern Star Resources NI NL chief nancial of-
cer Debbie Fullarton has
Ltd is undertaking a
lex Eastwood has been
appointed company sec-
entral Asia Resources
Ltd has appointed Jason
arol Marinkovich has
been appointed company
operating of cer Blair Duncan has also left the company, but the role remains vacant as BC Iron considers future de- velopment opportunities.
Patrick Avery has been ap- pointed chairman of phos-
TM
PAGE 104 OCTOBER 2016 AUSTRALIA’S PAYDIRT
P
ount Ridley Mines Ltd
has appointed Ashley
David Flanagan
eil McKay has resigned
as company secretary of
Tyranna Resources Ltd, with Yugi Gouw to continue in the role.
E
ers as project manager of the Penny’s Find gold mine. Rodgers will oversee com- missioning and the start of production.
ason Stirbinskis has been
appointed a director of
hor Mining plc has ap- ark Hoffman has been
appointed project man-
pointed Paul Johnson
as a non-executive director. Johnson, a chartered ac- countant, is chief executive of Metal Tiger plc.
ager of Volt Resources Ltd’s Namangale graphite project in Tanzania. Michael Lew has been appointed as the
Jason Stirbinskis
N
mpire Resources Ltd has
appointed Steven Rodg-


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LEFTFIELD
Golden opportunity for Resolute shareholders
Resolute Mining Ltd has offered its shareholders the opportunity to receive dividends in the form of gold.
Resolute announced a 1.7c/share dividend for FY2016 in what manag- ing director John Welborn described as a transformational year after re- cord pro t of $213 million was de- clared.
Partnering with The Perth Mint, Resolute’s unique and innovative dividend award scheme affords shareholders who hold 5,000 or more shares to be paid their dividend in gold, via a personal account held with The Perth Mint.
The account will allow shareholders to securely store and accumulate Resolute
Resolute managing director John Welborn with The Perth Mint chief executive Richard Hayes
balances into a range of bars and coins, subject to the terms and con- ditions of The Perth Mint Depository Online programme.
“Resolute’s new gold sales-linked dividend policy rewards our share- holders by providing a sustainable income stream that allows direct par- ticipation in our ongoing production success,” Welborn said.
“Having generated sales of more than 7 moz gold from over 25 years of continuous production, and with over 14 moz in reserves and resources at our existing projects, Resolute share- holders will now be rewarded with a
gold dividends, buy and sell gold and other precious metals, and convert gold
dividend based on a xed proportion of future revenue from our gold production.”
INDEX
A1 Consolidated
Acacia
African Energy
African Phosphate
African Rainbow
Alacer 91
Endiama 38 Ensham 10 ERA 104 Evolution 4, 10, 12
Fertoz 104 First Quantum 37
Gem 72
Manas 36 Mantle 8-9 Marindi 92-93
104 11, 25, 36, 71 58, 72, 103, 104
4, 30, 59 12, 39, 104 24, 26, 32, 34, 58
Nantou 11 Newcrest 10, 44 Newmarket 9 Newmont 63
Caeneus 82
Carbon Energy 102
Cardinal 11, 25, 64
Cassini 75
Central Asia 104
Centrex 102
Comet 4, 14-17, 49, 54
Copper Strike 104
Cradle 31
Crusader 94 Kibaran
Nordgold Norilsk Northern Star
10, 11
17, 82 10, 104
Kidman Dacian 4 Kilo
Walkabout West African Western Areas World Titanium
68, 73 11, 60 75, 80
Dakota 62 Doray 93 Drake 104
Empire 104 Endeavour 11, 60
88 38
Poseidon
Predictive
Primary Gold
Prospect 41
8 39, 54 28 73 7
Metal Tiger
Metals of Africa
Metals X
Minbos 59 Mincor 75, 84-85 Minjar 12 MinQuest 104 MinRes 5-6
Red River
Resolute
Rio Tinto
RNI 104
AngloGold Ascot Energy Atlas Iron Azure
10, 22, 64, 104 102 104 96, 97
General Lithium
Glencore
Global Ferronickel
Gold Fields
Goldcorp 104 GPR 42 Great Dyke 42 Gryphon 60
Harmony 39, 44 Heron 90-91 Horseshoe 104
75, 92-93 11, 60
19 78 96 51
B2Gold 11
5-6 4, 12, 100 98 10
MOD
Mount Burgess Mount Ridley
4, 70 104 104
75, 80 58 28, 104
Bannerman
Barrick
Base
Bass 70 BC Iron 104 BHP Billiton 10, 80, 87, 103 Beadell 64 Buxton 19, 75
Iluka
Impact 75, Independence 18-23, Israeli Chemicals
Ivanhoe 42
KBL 104
Ke
10, 62, 63 66 83 36
Legend 75, Lucapa
Lundin 100
Magnetite Mines 103
58 86 75 63
Oklo
Orion 8-9, Oz
40 43 10
Panoramic
Peabody Energy
Pegasus 104 Perseus 25, 57, 104 Petowal 10 Pilbara Minerals 5-6, 104 Plymouth 102
75, 87,
91 10
75, 82-83 50, 60 11
32, 104 Zijin 42
104 69 91
Rox Roxgold
S2 Resources Sand re Santana Sovereign
St George
Strandline
Sundance
Syrah 103
Talga 100 Talisman 78-79 Tanga 34 Teck 97 Thor 104 Tiger 61 TNG 91 Todal 42 Toro Gold 10, 50, 103 Tyranna 104
Vital 11, 60 Vale 7 Volt 104
PAGE 106 OCTOBER 2016 AUSTRALIA’S PAYDIRT




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