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Published by Paydirt Media, 2016-10-03 04:37:14

pd243 Oct16 mag-web_Neat

SAVE THE DATE

GRAPHITEAUSTRALIAN

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]

SIGNED, SEALED AND DELIVERED

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-

Pilbara Minerals has shortlisted three groups to deliver the process plant EPC cordance with the licence and services
package for its Pilgangoora lithium-tantalum project agreements.

Carbon will also receive a production

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

Canadian potash Ascot will be responsible for
securing permits and approv-

experts to review Oxley als for the project. The granting
of these approvals will trigger

Centrex Metals Ltd has appointed the start of the legally binding

Canadian-based potash engineering licensing and service agree-

experts Novopro to analyse and recom- ments between the parties in

mend optimisations for the proposed relation to the key-seam tech- CSA Global will interpret seismic data and historical

hydrometallurgical circuit at its Oxley po- nology. Carbon may provide drilling information for Plymouth Minerals at the

tassium project in Western Australia. paid services to assist Ascot in Banio potash project in Gabon

PAGE 102 OCTOBER 2016 AUSTRALIA’S PAYDIRT

Syrah turns to local sidiary, Petowal Mining Company SA, responsible for the design of the port hull.
expertise for Balama to provide a full suite of open-pit mining “DHH1 and Bohai have demonstrated
services.
great belief in the project and trust in the

Graphite developer Syrah Resources Mining is due to start in January 2017. management of all the companies in the
Ltd has awarded a structural, mechanical The contract is valued at $300 million South Australian Magnetite Consortium,”
and piping construction contract to Kentz over a term of 75 months. Magnetite Mines executive chairman
Engineers & Contractors Ltd. Gordon Toll said.
AMS expects to employ about 350
Kentz, a member of the SNC-Lavalin personnel to complete the contract, with “Additionally, it is a vote of confidence
Group, will soon deploy workers to Syr- more than 90% coming from local com- in South Australia as an investment juris-
ah’s Balama graphite project in Mozam- munities. diction. This is a major milestone in the
bique, where the company has operated application of this innovative approach to
for more than 18 years. Some equipment required to com- funding of feasibility and detailed engi-
plete drilling, blasting, load and haul will neering work, and is significantly lower-
Some of the projects Kentz has suc- be sourced from within the group, how- ing the upfront expenditures to develop
cessfully delivered for past clients in ever, AMS estimates about $25 million is the Mawson iron project.”
Mozambique include the Moma min- needed to purchase new equipment.
eral sands project, the Mozal aluminium Magnetite Mines and Lodestar Equi-
smelter, the Moatize coal mine, the Na- AMS is a JV between Australian con- ties currently comprise the South Aus-
cala coal terminal and the Beria coal ter- tractors Ausdrill Ltd and Barminco Ltd. tralian Magnetite Consortium. Toll is also
minal upgrade. the major owner and chairman of Lode-
Triple agreement boost star, which also owns Braemar.
Double the fun for for SA iron ore
CIMIC at Bowen Basin It is proposed that Magnetite Mines
Braemar Infrastructure Pty Ltd, a and Lodestar will soon simplify their re-
CIMIC Group’s mineral processing and member company of the South Austral- spective corporate structures and merge
mining services arms have both won key ian Magnetite Consortium, has signed all of their South Australian entities into
contracts in Queensland’s Bowen Basin. an agreement with two major Chinese one listed company.
groups to complete a DFS for a floating
Sedgman has won a three-year con- iron ore port capable of handling at least RCR continues run of
tract extension to continue operations at 25 mtpa of magnetite concentrates. contract wins
the Red Mountain JV’s coal handling and
preparation plant, adjacent to the Lake The floating port will be a major com- Fresh from signing an agreement to
Vermont mine. ponent of the integrated infrastructure deliver a primary crusher and overland
for the development of Magnetite Mines conveyor system to Rio Tinto Ltd’s Sil-
The contract is valued at $75 million. Ltd’s Mawson iron project. vergrass mine, RCR Tomlinson Ltd has
Sedgman is contracted to remain at the announced it has won multiple contracts
plant until June 2019, with the potential Under the terms of the agreement be- at BHP Billiton Ltd’s iron ore operations
for another extension of two years there- tween Braemar, Dalian Huarui Heavy in the Pilbara.
after. Industry International Co Ltd (DDHI) and
Bohai Shipbuilding Heavy Industry Co RCR will complete rail signalling up-
Meanwhile, Thiess will design and Ltd, a detailed engineering plan for con- grade works at the Nelson Point train
build an additional processing module struction of the port will follow the DFS. unloading station and supply a cool-
at the plant for $20 million. Engineering, ing system for the Mooka ore car repair
procurement, construction and commis- The DFS, detailed design work and workshop in Port Hedland.
sioning of the module is due for comple- cost estimating will proceed on an open-
tion in late 2017. book basis and there will be no upfront The engineering and infrastructure
cost to Braemar. The consideration for firm has also signed a five-year mainte-
Thiess will continue to operate and the design work will be included in the nance agreement for apron feeders
maintain the facility of the balance of the agreed construction price when the pro-
current contract term. ject proceeds. RCR’s contract win with BHP Billiton
coincided with the company being se-
Sedgman has worked at the Red DDHI is an internationally regarded lected by Visionstream Australia to sup-
Mountain JV since 2007, while Thiess heavy material handling equipment de- ply HVAC maintenance services to more
started operating at Lake Vermont the signer and constructor and will act as the than 40,000 facilities and network assets
following year. project manager. Bohai is a globally re- across the country for the next five years.
vered ship builder and will be principally

AMS set to step Contracts with a major New
South Wales utility provider

out in Senegal for the provision of mainte-
nance and shutdown ser-

African Mining Services vices and with Sydney Water

(AMS) has been nominated for a major upgrade to the

as the preferred contractor for Picton recycled water treat-

Toro Gold Ltd’s Mako project ment plant were also part of

in Senegal. the $170 million contracting

The principal terms and package announced in late

conditions of the appointment August.

are still subject to full detailed The Silvergrass contract

documentation. AMS expects An agreement has been signed between the South Australian Magnet- announced earlier that month

to enter into a contract with ite Consortium and two major Chinese groups to design and construct is valued at $120 million.

Toro’s wholly owned sub- a floating iron ore port which will benefit the Mawson iron project

AUSTRALIA’S PAYDIRT OCTOBER 2016 PAGE 103

COMINGS AND GOINGS

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

PAGE 104 OCTOBER 2016 AUSTRALIA’S PAYDIRT

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LEFTFIELD

Golden opportunity for
Resolute shareholders

Resolute Mining Ltd has offered its balances into a range of bars and
shareholders the opportunity to coins, subject to the terms and con-
receive dividends in the form of gold. ditions of The Perth Mint Depository
Online programme.
Resolute announced a 1.7c/share
dividend for FY2016 in what manag- “Resolute’s new gold sales-linked
ing director John Welborn described dividend policy rewards our share-
as a transformational year after re- holders by providing a sustainable
cord profit of $213 million was de- income stream that allows direct par-
clared. ticipation in our ongoing production
success,” Welborn said.
Partnering with The Perth Mint,
Resolute’s unique and innovative “Having generated sales of more
dividend award scheme affords than 7 moz gold from over 25 years of
shareholders who hold 5,000 or continuous production, and with over
more shares to be paid their dividend Resolute managing director John Welborn with 14 moz in reserves and resources at
in gold, via a personal account held The Perth Mint chief executive Richard Hayes our existing projects, Resolute share-
with The Perth Mint. holders will now be rewarded with a
gold dividends, buy and sell gold and dividend based on a fixed proportion of
The account will allow shareholders to other precious metals, and convert gold future revenue from our gold production.”
securely store and accumulate Resolute

INDEX

A1 Consolidated 8 Endiama 38 Manas 36 Red River 104
Ensham 10 Mantle 8-9 Resolute 11, 25, 36, 71
Acacia 39, 54 ERA 104 Marindi 92-93 Rio Tinto 58, 72, 103, 104
Evolution 4, 10, 12 Metal Tiger 104 RNI
African Energy 28 Metals of Africa 69 Rox 104
Fertoz 104 Metals X 91 Roxgold 75, 92-93
African Phosphate 73 First Quantum 37 Minbos 59
Mincor 75, 84-85 11, 60
African Rainbow 7 Gem 72 Minjar 12
General Lithium 5-6 MinQuest 104
Alacer 91 Glencore 4, 12, 100 MinRes 5-6
Global Ferronickel 98 MOD 4, 70
AngloGold 10, 22, 64, 104 Gold Fields 10 Mount Burgess 104
Goldcorp 104 Mount Ridley 104
Ascot Energy 102 GPR 42 S2 Resources 19
Great Dyke 42 Nantou 11 Sandfire 78
Atlas Iron 104 Gryphon 60 Newcrest 10, 44 Santana 96
Newmarket Sovereign 51
Azure 96, 97 Harmony 39, 44 Newmont 9 St George 75, 80
Heron 90-91 Nordgold 63 Strandline 58
B2Gold 11 Horseshoe Norilsk 10, 11 Sundance 28, 104
Bannerman 4, 30, 59 104 Northern Star 17, 82 Syrah 103
Barrick 12, 39, 104 Iluka 10, 104
Base 24, 26, 32, 34, 58 Impact 58 Oklo Talga 100
Bass Independence 75, 86 Orion 40 Talisman 78-79
BC Iron 70 Israeli Chemicals 18-23, 75 Oz 8-9, 43 Tanga
BHP Billiton 104 Ivanhoe Teck 34
Beadell 10, 80, 87, 103 63 Panoramic 10 Thor 97
Buxton KBL 42 Peabody Energy Tiger 104
64 Kefi Pegasus 75, 87, 91 TNG 61
19, 75 Kibaran 104 Perseus 10 Todal 91
Kidman 10, 62, 63 Petowal Toro Gold 42
Caeneus 82 Kilo Pilbara Minerals 104 Tyranna 10, 50, 103
Carbon Energy 102 66 Plymouth 25, 57, 104 104
Cardinal 11, 25, 64 Legend 83 Poseidon
Cassini Lucapa 36 Predictive 10 Vital 11, 60
Central Asia 75 Lundin Primary Gold 5-6, 104 Vale 7
Centrex 104 75, 88 Prospect Volt
Comet 102 Magnetite Mines 38 102 104
Copper Strike 4, 14-17, 49, 54 75, 82-83
Cradle 104 100
Crusader 50, 60
31 103 11
94 41

Dacian 4 Walkabout 68, 73
Dakota 62 West African 11, 60
Doray 93 Western Areas 75, 80
Drake 104 World Titanium 32, 104

Zijin 42

Empire 104
Endeavour 11, 60

PAGE 106 OCTOBER 2016 AUSTRALIA’S PAYDIRT



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