DOCSLIB.ORG

Independent Technical Specialist's Report Technical Assessment

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Independent Technical Specialist's Report Technical Assessment Independent Technical Specialist’s Report Technical Assessment, Review of inputs to DCF models, and Valuation of Mineral Assets of Atlas Iron Limited CSA Global Report Nº 343.2018 12 July 2018 www.csaglobal.com Atlas Iron Limited TARGET'S STATEMENT Page | 179 ATLAS IRON LIMITED Independent Technical Assessment, review of inputs to DCF models, and Valuation of Mineral Assets Report prepared for Client Name BDO Corporate Finance (WA) Pty Ltd Project Name/Job Code AGOITV02 Contact Name Peter Toll Contact Title Director Office Address 38 Station Street, Subiaco, WA 6008 Report issued by CSA Global Pty Ltd Level 2, 3 Ord Street West Perth, WA 6005 AUSTRALIA PO Box 141, CSA Global Office West Perth WA 6872 AUSTRALIA T +61 8 9355 1677 F +61 8 9355 1977 E csaausatcsaglobal.com Division Corporate Report information File name R343.2018 ITAVR for BDO on Atlas Iron Mineral Assets (AGOITV02).docx Last edited 13/07/2018 09:33:00 Report Status Final Authorised by Jeff Elliott CSA Global Signature: Authorisation BSc., MAIG, FAusIMM, MAICD, AFAIM © Copyright 2018 CSA Global Report Nº R343.2018 Atlas Iron Limited TARGET'S STATEMENT Page | 180 I ATLAS IRON LIMITED Independent Technical Assessment, review of inputs to DCF models, and Valuation of Mineral Assets Executive Summary On 18th June 2018, Redstone Corporation Pty Ltd (“Redstone”), a wholly owned subsidiary of Hancock Prospecting Pty Ltd (“Hancock”), made an offer for the shares in Atlas Iron Ltd (“Atlas”). Redstone offered A$0.042 per share for all of the ordinary shares in Atlas in which Redstone did not already have a relevant interest. BDO Corporate Finance (WA) Pty Limited (BDO) has been engaged by the Independent Directors of the Company to prepare an Independent Expert’s Report (“the IER”) for inclusion with a Target’s Statement advising whether in their opinion the takeover offer is fair and reasonable to the Company’s shareholders. The Atlas Directors also retained CSA Global Pty Ltd (CSA Global) to prepare an independent opinion on the technical inputs into the Discounted Cash Flow (DCF) models and to undertake a Market Valuation of Atlas’s Mineral Assets in Western Australia not included in the DCF models, under instruction from BDO. The DCF valuations were conducted by BDO and informed by CSA Global’s review of and commentary on the suitability of the inputs to the DCF models. The scope of the Report, as advised by BDO to CSA Global comprises: • Providing an independent opinion on the technical inputs underpinning the financial model for each of the Mount Webber and Corunna Downs projects. • A valuation of Atlas’s other mineral assets, including the following: o Value of resources not included in the Mount Webber and Corunna Downs models o Material iron assets in the Southeast Pilbara region o The McPhee Creek Project o The Ridley magnetite project o Lithium tenements at Cisco and Pancho o Copper projects at Copper Range and Walker o Gold potential of Atlas’s tenure portfolio o The technical inputs for the Pilgangoora direct shipping ore (DSO) spodumene interest o The technical inputs for the Altura Lithium royalty from M45/1231. For each of the operations and development projects reviewed, CSA Global has provided cases including capital and operating cost projections, with DCF models, to BDO. CSA Global concluded that the production cases have a reasonable basis. Atlas currently operates one mine, Mount Webber, in the northern Pilbara, and holds a portfolio of tenements covering a range of identified iron ore Mineral Resources, comprising pre-development projects and less advanced projects, as well as lithium, copper and potentially gold targets. The mining operations considered in this review include the Mount Webber operations and Corunna Downs feasibility study. McPhee Creek is the subject of a completed feasibility study, with mine planning and infrastructure requirements engineered in detail, but the development project has not been committed to as the current iron ore prices do not deliver sufficient cash flows to encourage the development of this project. McPhee Creek has therefore been valued on a resource basis. Considering the high exploration maturity of the Atlas projects, CSA Global considers the potential for additional mineralisation at any of the projects to be moderate to low. Some upside potential has been identified at Corunna Downs which may result in additional resources. Atlas’ tenement portfolio also covers projects for lithium, copper and gold. CSA Global Report Nº R343.2018 Atlas Iron Limited TARGET'S STATEMENT Page | 181 II ATLAS IRON LIMITED Independent Technical Assessment, review of inputs to DCF models, and Valuation of Mineral Assets The Cisco and Pancho Projects in the Wodgina area cover mapped LCT-type pegmatites hosting spodumene. These pegmatites have yet to be defined or fully explored.The projects could potentially hold lithium pegmatites deposits such as those being mined nearby at Pilgangoora and Wodgina. The focus of the Copper Range and Walker Projects is copper hosted by VMS style mineralisation. Exploration in both areas have identified evidence of mineralisation but much work remains to define resources. Atlas’s large tenement portfolio in the Pilbara covers substantial areas of stratigraphy currently being targeted by other companies for gold mineralisation. A substantial area of Atlas’ Pilbara tenement package covers greenstones with substantial structures interpreted totransect the rock packages. Numerous small gold mineral occurrences are known. A high-level mineral systems review of the tenure identified a number of key criteria for gold deposit formation including suitable structural architecture, evidence of sources and reservoirs for gold and potential trap sites for gold mineralisation. Gold nuggets have been found by numerous parties recently, and also over a long period dating back to the 19th century, in conglomerates near the Mount Roe Basalt. New theories about the significance and origin of this gold have been proposed, and significant interest in tenements covering the key stratigraphic locations was notable in late 2017. The Atlas tenements cover, or are adjacent to, key stratigraphic units associated with the conglomerate gold model. For the purposes of preparing this report, CSA Global has visited the operating sites and projects under development, reviewed material technical reports and management information, and held discussions with management staff both on site and in the Perth offices of Atlas. CSA Global has not visited the exploration projects located away from the operations and projects under development as they are not considered to be material to the overall value of Atlas, and CSA Global concluded it was sufficientlyfamiliar with the project areas that a site visit was not required. CSA Global has not audited the information provided to it but has satisfisfied itself that all the information has been prepared in accordance with proper industry standards and is based on data that CSA Global considers to be of acceptable quality and reliability. Where CSA Global has not been so satisfied, CSA Global has included comment in this report and made modifications to the estimates and forecasts provided by CSA Global to BDO. CSA Global Report Nº R343.2018 Atlas Iron Limited TARGET'S STATEMENT Page | 182 III ATLAS IRON LIMITED Independent Technical Assessment, review of inputs to DCF models, and Valuation of Mineral Assets Valuation Summary CSA Global understand that under BDO’s Current Discount Scenario, they have assumed that production at Mount Webber will cease and that Corunna Downs will not be developed. Therefore, BDO has instructed CSA Global to value Mount Webber and Corunna Downs, as well as McPhee Creek, on a resource basis. CSA Global’s opinion on the value of the iron ore Mineral Resources of Atlas as at 1 July 2018 is provided in Table 1, assuming that production at Mount Webber will cease and that Corunna Downs is not developed. In the event that Mount Webber and Corunna Downs are mined, CSA Global’s opinion on the value of the material iron ore resources not included in the current mine plans, as at 1 July 2018, is provided in Table 2. Table 1: Value of Mineral Assets as at 1 July 2018 Project Low (A$M) High (A$M) Preferred (A$M) Mount Webber Mineral Resources 5 15 10 Corunna Downs Mineral Resources 6 15 10 McPhee Creek Minerals Resources 20 60 40 Ridley Mineral Resources 6.0 18.0 12.0 Davidson Creek Hub Mineral Resources 4.0 12.5 6.5 Mount Dove ground holding 0.25 0.70 0.5 Miralga Creek Mineral Resources 0.15 0.40 0.2 West Pilbara (Anthiby) Project 0.01 0.02 0.01 Mid West (Beebyn) Project 0.01 0.03 0.02 Western Creek Project 0.01 0.04 0.03 Hickman Project 0.00 0.01 0.01 Jimblebar Project 0.03 0.07 0.05 Warrawanda Project 0.03 0.08 0.06 Pardoo Project 0.15 0.40 0.25 Abydos project 0.08 0.25 0.15 Cisco Lithium Project 0.6 3.4 2.2 Pancho Lithium Project 0.1 0.5 0.3 Copper Range Copper 0.03 0.28 0.20 Walker Copper Project 0.02 0.22 0.17 Gold potential of the Atlas Pilbara tenements* 1.2 10.7 4.4 TOTAL 43.7 137.6 87.1 The valuation has been compiled to an appropriate level of precision and minor rounding errors may occur. Note: the Mt Webber & Corunna Downs Mineral asset valuations above are for the full resource base including any residual resources outside the mine plan – the value of these residual resources are shown below in Table 2 Table 2: Value of remaining iron ore Mineral Resources outside the current mine plans as at 1 July 2018 Project Low (A$M) High (A$M) Preferred (A$M) Mount Webber 0.6 2.0 1.0 Corunna Downs 4.0 10.0 6.5 TOTAL 4.6 12.0 7.5 The valuation has been compiled to an appropriate level of precision and minor rounding errors may occur.
Load more

Recommended publications
  • Heart of Gold Lesson Plan Year 7
    Heart of Gold Lesson Plan Year 7 Lesson 1 Separation of Gold Curriculum Links: (ACSSU112) / Year 7 / Science / Science Understanding / Chemical Sciences (ACSSU222) / Year 7 / Science / Science Understanding / Earth and Space Sciences (ACSHE119) / Year 7 / Science / Science as a Human Endeavour / Nature and Development of Science (ACSHE121) / Year 7 / Science / Science as a Human Endeavour / Use and Influence of Science Background Information: It is actually quite unusual to find large nuggets of gold and most gold prospectors actually need to separate gold out from lots of other material. Depending on where the gold is found, this may be done by panning or through dry blowing. Each of these methods relies on the property of density. As gold has a very high density compared to the rock, soil and sediments it is contained in, it can be separated out by exploiting this property as it will fall to the bottom of mixtures that are allowed to settle out. The process of panning is used when small pieces of gold are found in creeks and rivers. It involves using a large shallow dish (pan) to scoop out some of the sediments in the riverbed and a small amount of water. You use a swirling motion with the pan tipped away from you and allow small amounts of the sediments and water to spill over the edge of the pan. When you have only a small amount of the sediments remaining in the pan, you will be able to see any gold particles that remain at the bottom of the pan. During the West Australian gold rush, most of the gold was being found in dry areas and water was a scarce commodity.
    [Show full text]
  • Australian Government Takeovers Panel Index of Reasons By
    Australian Government Takeovers Panel Index of Reasons By Legislation 2000 – 30 June 2019 Takeovers Panel Index of published reasons - By legislation - 2000 to 30 June 2019 The information in this index is current as at 30 June 2019. This index is provided by the Panel for the general assistance of parties and the public. It makes no representation or warranty as to the accuracy of the information contained in the index. The Panel will update the index from time to time. If you have any suggestions in terms of improving the index, please email [email protected] Corporations Act s9 'Panel Proceedings' GoldLink IncomePlus Limited 04R [2009] ATP 3, [11] s9 'Relevant Agreement' Isis Communications Limited [2002] ATP 10 Winepros Limited [2002] ATP 18, [26] World Oil Resources Limited [2013] ATP 1, [52] Touch Holdings Limited [2013] ATP 3 Merlin Diamonds Limited [2016] ATP 18, [34] Molopo Energy Limited 01 & 02 [2017] ATP 10, [49 Molopo Energy Limited 03R, 04R & 05R [2017] ATP 12, [53] s9 'Voting Share' The President's Club Limited [2012] ATP 10, [77] Condor Blanco Mines Limited [2016] ATP 8, [34] s9 'Remedial Order' Molopo Energy Limited 03R, 04R & 05R [2017] ATP 12, [280], footnote 80 s11 Molopo Energy Limited 01 & 02 [2017] ATP 10, [53(a)] s12 Taipan Resources NL 03 [2000] ATP 17, [72]-[79] (Corp Law 12) Winepros Limited [2002] ATP 18 Anzoil NL 01 [2002] ATP 19, [52]-[60] Aztec Resources Limited [2006] ATP 28, [37]-[41] BigAir Group Limited [2008] ATP 12 Mesa Minerals Limited [2010] ATP 4, [41] CMI Limited [2011] ATP 4 CMI Limited
    [Show full text]
  • Atlas Iron Limited 67
    David Flanagan Atlas Iron Limited 67 ASX Small to Mid Caps Conference Hong Kong 2008 Disclaimer This presentation has been prepared by Atlas Iron Limited (“Atlas” or the “Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation. This presentation contains forecasts and forward looking information. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. There are a number of risks, both specific to Atlas and of a general nature which may affect the future operating and financial performance of Atlas and the value of an investment in Atlas including and not limited to economic conditions, stock market fluctuations, iron ore demand and price movements, timing of access to infrastructure, timing of environmental approvals, regulatory risks, operational risks, reliance on key personnel, reserve and resource estimations, native title and title risks, foreign currency fluctuations, and mining development, construction and commissioning risk. You should not act or refrain from acting in reliance on this presentation material. This overview of Atlas does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the Company’s prospects. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision.
    [Show full text]
  • Australian Mining League Table –
    Australian Mining League table – Q1 2014 Australian Mining League table – Q1 2014 Position Market Capitalisation Differe Differenc Q1 2014 Q4 2013 nce e Moving into the Company Q1 Q4 Moveme ($A ($A ($A 2014 2013 nt million) million) (%) million) top 25: BHP Billiton Limited (ASX:BHP) 1 1 194,149.9 202,204.3 -4.0% (8,054.4) • Western Areas in at 22 up from 32 Rio Tinto Ltd. (ASX:RIO) 2 2 117,516.2 126,029.9 -6.8% (8,513.7) Fortescue Metals Group Limited 3 3 16,347.4 18,122.3 -9.8% (1,774.9) • OceanaGold in at (ASX:FMG) 25 up from 30 Alcoa Inc. (NYSE:AA) 4 4 14,963.6 12,713.2 17.7% 2,250.4 Newcrest Mining Limited (ASX:NCM) 5 5 7,575.6 5,971.7 26.9% 1,603.9 AngloGold Ashanti Ltd. (JSE:ANG) 6 6 7,547.4 5,270.4 43.2% 2,277.0 Iluka Resources Ltd. (ASX:ILU) 7 7 4,140.0 3,599.3 15.0% 540.7 Washington H. Soul Pattinson and 8 8 3,717.8 3,497.6 6.3% 220.2 Company Limited (ASX:SOL) Alumina Ltd. (ASX:AWC) 9 9 3,353.4 3,128.9 7.2% 224.5 New Hope Corporation Limited 10 10 2,484.5 2,766.5 -10.2% (282.0) (ASX:NHC) Arrium Limited (ASX:ARI) 11 11 1,831.3 2,371.6 -22.8% (540.3) Whitehaven Coal Limited 12 12 1,697.5 1,959.1 -13.4% (261.6) (ASX:WHC) Regis Resources Limited (ASX:RRL) 13 13 1,134.4 1,454.1 -22.0% (319.7) Moving out of the OZ Minerals Limited (ASX:OZL) 14 18 1,080.3 954.7 13.2% 125.6 top 25: Mount Gibson Iron Limited 15 14 992.4 1,106.9 -10.3% (114.5) (ASX:MGX) • Yancoal at 36 Aquila Resources Limited 16 19 963.0 947.1 1.7% 15.9 down from 24 (ASX:AQA) PanAust Limited (ASX:PNA) 17 15 961.7 1,075.7 -10.6% (114.0) • BC Iron in at 30 down from 25 Independence Group NL (ASX:IGO) 18 22 912.3 725.6 25.7% 186.7 Sandfire Resources NL (ASX:SFR) 19 17 908.9 1,005.4 -9.6% (96.5) Atlas Iron Limited (ASX:AGO) 20 16 892.6 1,052.8 -15.2% (160.2) Alacer Gold Corp.
    [Show full text]
  • Atlas Iron Limited June 2010
    JUNE 2010 QUARTERLY REPORT 28 JULY 2010 HIGHLIGHTS FOR THE JUNE 2010 QUARTER Mining commences at Wodgina. Atlas is on track to more than quadruple Pilbara iron ore exports to a 6Mtpa rate by December 2010. 173,557 WMT shipped. 322,686 ore tonnes processed. 283,114 ore tonnes mined. Improved costs at Pardoo as production ramps up. Hercules prospect discovered at Wodgina. Maiden Inferred resource on the Wishbone deposit at the Warrawanda Project, south east Pilbara. $63.5 million fund raising completed in May 2010 to fast track ramp up of DSO production to benefit from strong market demand. $155.2 million of cash on hand at 30 June 2010. Subsequent to the end of the quarter: commissioning of the Wodgina crushing and screening facility was completed, with ore production expected to commence in mid- August. JUNE 2010 QUARTERLY REPORT Page 1 of 9 QUARTERLY REPORT ATLAS IRON LIMITED JUNE 2010 OPERATIONS PRODUCTION Table 1: Mine Production 12 June March Variance Variance Months to Quarter Quarter Quarter Quarter June 30 10 (t) 10 (t) (t) (%) (t) Ore Tonnes Mined 283,114 389,703 -106,589 -27% 1,239,813 Ore Tonnes Processed 322,686 335,155 -12,469 -4% 1,258,683 Ore Tonnes Shipped (Dry) 164,706 326,521 -161,815 -50% 1,109,159 Table 2: Inventory June March Variance Variance Quarter 10 (t) Quarter 10 (t) Quarter (t) Quarter (%) Run of Mine Ore Stocks 42,647 71,936 -29,289 -41% Final Product Stocks - Site 34,691 63,782 -29,091 -46% Final Product Stocks - Port 242,152 101,766 140,386 138% Mining during the quarter at Pardoo focussed on pit development and waste mining at the South Limb and Alice East as the site prepares for expanded production leading up to the end of the calendar year.
    [Show full text]
  • The Mineral Industry of Australia in 2008
    2008 Minerals Yearbook AUSTRALIA U.S. Department of the Interior August 2010 U.S. Geological Survey THE MINERAL INDUS T RY OF AUS T RALIA By Pui-Kwan Tse Australia was one of the world’s leading mineral producing and the Brockman iron project in the Pilbara region of Western countries and ranked among the top 10 countries in the world Australia (Australian Bureau of Agricultural and Resource in the production of bauxite, coal, cobalt, copper, gem and Economics, 2009a). near-gem diamond, gold, iron ore, lithium, manganese ore, tantalum, and uranium. Since mid-2008, the global financial Minerals in the National Economy crisis had sharply weakened world economic activities, and the slowdown had been particularly pronounced in the developed Australia’s mining sector contributed more than $105 billion countries in the West. Emerging Asian economies were also to the country’s gross domestic product (GDP), or 7.7% of the adversely affected by the sharply weaker demand for exports GDP during fiscal year 2007-08. In 2008, the mining sector and tighter credit conditions. After a period of strong expansion, employed 173,900 people who worked directly in mining and an Australia’s economic growth decreased by 0.5% in the final additional 200,000 who were involved in supporting the mining quarter of 2008. Overall, Australia’s economy grew at a rate activities. Expectations of sustained levels of global demand for of 2.4% during 2008. During the past several years, owing to minerals led to increased production of minerals and metals in anticipated higher prices of mineral commodities in the world Australia, and the mineral industry was expected to continue markets, Australia’s mineral commodity output capacities to be a major contributor to the Australian economy in the next expanded rapidly.
    [Show full text]
  • GOLDFAN West Perth, W.A
    2nd Floor, 45 Richardson Street, West Perth, Western Australia 6005 P.O. Box 893, GOLDFAN West Perth, W.A. 6005 Tel: (09) 322 2788 LTD Fax: (09) 481 1669 (Inc. in WA.) ly NOTICE OF INTENT THREE MILE HILL PROJECT COOLGARDIE MINERAL FIEL) r'rt T%T) ).T 1 L - VOLUME 1 CONTENTS VOLUME I PAGE 1.0 GENERAL SUMMARY I 2.0 GENERAL INTRODUCTION 3 3.0 GENERAL AND ENVIRONMENTAL STATUS 4 3.1 LOCATION AND ACCESS 4 3.2 TENEMENT OWNERSHIP 4 3.2.1 Mine and Milisite Area 4 3.2.2 Borefield and Pipeline 4 3.3 PROSPECT HISTORY 4 3.3.1 Early Mining 4 3.3.2 Modern Day Activities 5 3.3.3 Goldfan Ltd Activities 5 3.4 ENVIRONMENTAL STATUS 5 3.4.1 Regional Setting 5 3.4.2 Geomorphology 6 3.4.3 Climate 6 3.4.4 Hydrology 7 3.4.4.1 Three Mile Hill 7 3.4.4.2 Roger Spring Borefield Area 7 3.4.5 Flora 8 3.4.6 Fauna 8 3.5 GEOLOGY AND RESOURCES 8 3.5.1 Sub-Regional Geology 8 3.5.2 Local Geology, Structure, Stratigraphy 9 3.5.3 Lithology and Host Unit Characteristics 9 3.5.4 Mineralisation 10 3.5.5 Mineral Resources io 4.0 MINING AND MINESITE REHABILITATION 12 4.1 MINING OBJECTIVE AND SCOPE 12 4.2 GEOTECHNICAL ASPECTS 12 4.3 OPEN PIT OPERATIONS 13 4.3.1 General Open Pit Scheme 13 4.3.2 Drill and Blast Operations 13 4.3.3 Final High Wall Reinforcement 14 4.3.4 Decline 14 4.3.5 Ore and Waste Haulage 14 4.3.6 Dust Suppression is 4.4 OVERBURDEN MANAGEMENT AND REHABILITATION 15 4.4.1 Topsoil Recovery and Storage 15 4.4.2 Overburden Dumping 15 4.4.3 Rehabilitation 15 F CONTENPS VOLUME I PAGE 5.0 ORE PROCESSING, WATER SUPPLY & TAILINGS 16 5.1 ORE PROCESSING 16 5.1.1 Crushing Circuit 16 5.1.2 Grind and Gravity Circuit 16 5.1.3 Flotation and Regrind Circuit 16 5.1.4 CIP General 17 5.1.5 Leach and Adsorption Circuit 17 5.1.6 Carbon Desorption and Re-Activation 17 5.1.7 Gold Room 18 5.2 PROCESS WATER BOREFIELD AND PIPELINE 18 5.2.1 Borefield 18 5.2.2 Pipeline 19 5,3 TAILINGS DISPOSAL DAMS 19 5.3.1 TD1 19 5.3.2.
    [Show full text]
  • The Mineral Industry of Australia in 2007
    2007 Minerals Yearbook AUSTRALIA U.S. Department of the Interior December 2009 U.S. Geological Survey THE MINERAL INDUS T RY OF AUS T RALIA By Pui-Kwan Tse Australia was one of the world’s leading mineral producing Constitution belong to the States and Territories. All powers that countries and ranked among the top 10 countries in the world in relate to mineral resources and their production belong to the the production of bauxite, coal, cobalt, copper, gem and near- States and Territories. Except for the Australian Capital Territory gem diamond, gold, iron ore, lithium, manganese ore, tantalum, (that is, the capital city Canberra and its environs), all Australian and uranium. Reflecting an increase in world demand for States and Territories have identified mineral resources and mineral commodities, the Australian economy grew at a rate of established mineral industries. 3.9% during 2007. Owing to anticipated higher prices of mineral The Mineral Council of Australia (MCA) urged the Federal commodities in the world markets, the Australian economy Government to establish a nationwide project approval process continued expanding and, as a result, surplus productive that would be consistent across all jurisdictions to reduce capacity was expected in the future. Owing to an increase in regulatory burdens that were affecting the mineral sector. In domestic demand and a tightening in the labor market, the addition, 10 principal statutes govern occupational health and consumer price index increased by 4.2% in 2007. safety in Australia, and, according to the MCA, this multilayer Australia’s total mineral exploration spending, excluding regulatory regime imposes a significant administrative burden petroleum, was $1,751.9 million (A$2,061.1 million) in 2007.
    [Show full text]
  • Feature Feature Major Wa Mining Projects
    FEATURE FEATURE MINING OUTLOOK Construction workers needed for major Major WA mining projects MINING OUTLOOK 27,000 WA resources projects 2014-15 Source: Pitcrew Port Hedland Pardoo Rio Tinto rail MAJOR WA MINING PROJECTS Dampier Cape Lambert Iron Bridge Mt Dove Rio Tinto mine Completed in past year Balla Balla Abydos (Forge Resources) BHP rail Karara Mining Karara project $2.6bn Mid West Production ramp-up proceeding Sino Iron Wodgina Rio Tinto Hope Downs 4 mine $2.1bn Pilbara First production in H1 2013, ramping up to 15mtpa BHP mine Rio Tinto Marandoo mine expansion $1.1bn Pilbara Production will be sustained at 15mtpa for 16 further years Mt Webber McPhee Creek FMG rail Fortescue Metals Christmas Creek 2 expansion $US1.0bn Pilbara Completed in June 2013 quarter Fortescue Metals Port Hedland port expansion $US2.4bn Pilbara Fourth berth and support infrastructure opened in Aug 2013 Pannawonica FMG mine Atlas Iron Mt Dove mine development n/a Pilbara Production commenced in Dec 2012 Hancock proposed rail Atlas Iron Abydos mine development n/a Pilbara First haulage in Aug 2013, ramping up to 2-3mtpa Solomon Atlas Iron Utah Point 2 stockyard n/a Pilbara Largely complete and now ready to receive ore Hancock mine Hub Christmas Creek Rio Tinto Argyle Diamonds underground mine $US2.2bn Kimberley Production commenced in H1 2013 and is ramping up Buckland (Iron Ore Holdings) Cloudbreak Mineral Resources Sandfire Resources DeGrussa copper mine $US384m Mid West Ramp-up to nameplate production nearing completion Koodaideri Roy Hill Atlas Iron Construction
    [Show full text]
  • Corporate Presentation May 2017
    Pilgangoora – the world’s leading lithium development project For personal use only Corporate Presentation – 15 May 2017 Disclaimer and Competent Person’s Statement Forward Looking Statement Disclaimer • This presentation may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the Company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions, it can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the business, which could cause actual results to differ materially from those expressed herein. All references to dollars ($) and cents in this presentation are to Australian currency, unless otherwise stated. • Readers should make and rely upon their own enquiries before deciding to acquire or deal in the Company's securities. • This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, Australia or any other jurisdiction. Any securities described in this presentation have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws. Competent Person Statements Information relating to the mineral resource estimate at the Pilgangoora
    [Show full text]
  • METS Global Experience Projects and Technical Papers
    METS Global Experience Projects and Technical Papers METS Engineering Group Pty Ltd Level 3 44 Parliament Place West Perth WA 6005 PO Box 1699 West Perth WA 6872 P: (+61 8) 9421 9000 ABN 92 625 467 674 W: www.metsengineering.com E: [email protected] > DISCLAIMER With respect to all the information contained herein, neither METS Engineering Group Pty Ltd, nor any officer, servant, employee, agent or consultant thereof make any representations or give any warranties, expressed or implied, as to the accuracy, reliability or completeness of the information contained herein, including but not limited to opinions, information or advice which may be provided to users of the document. No responsibility is accepted to users of this document for any consequence of relying on the contents hereof. > COPYRIGHT © Passing of this document to a third party, duplication or re-use of this document, in whole or part, electronically or otherwise, is not permitted without the expressed written consent of METS Engineering Group Pty Ltd. > ACKNOWLEDGEMENTS This document is a dynamic record of the knowledge and experience of personnel at METS Engineering Group Pty Ltd. As such it has been built upon over the years and is a collaborative effort by all those involved. We are thankful for the material supplied by and referenced from various equipment manufacturers, vendors, industry research and project partners. PROCESSING PROCESS CONTROL PRODUCT INNOVATION TESTWORK MANAGEMENT ENGINEERING STUDIES OPERATIONS TRAINING Key Attributes “Provide engineering and
    [Show full text]
  • The Pardoo Mine: Closure Planning, Implementation and Five Years of Performance Monitoring Data
    Mine Closure 2019 - AB Fourie & M Tibbett (eds) © 2019 Australian Centre for Geomechanics, Perth, ISBN 978-0-9876389-3-9 doi:10.36487/ACG_rep/1915_38_Gregory The Pardoo mine: closure planning, implementation and five years of performance monitoring data S Gregory Mine Earth Pty Ltd, Australia S Mackenzie Mine Earth Pty Ltd, Australia B Bow Atlas Iron Pty Ltd, Australia Abstract The Pardoo mine, located in the Pilbara region of Western Australia, is owned by Atlas Iron Pty Ltd. Mining commenced in October 2008 and reserves were depleted in 2013. The Project consisted of 11 open pits, six waste rock landforms and mining infrastructure. This paper describes the risks to closure that were identified for the Project and the investigations and stakeholder engagement that Atlas undertook to mitigate these risks. The closure works that were undertaken and the results of five years of performance monitoring data, along with a comparison of rehabilitation performance against agreed closure criteria are also described. This represents the halfway mark of the planned 10-year monitoring period. Detailed closure planning commenced in 2010 and was initiated using a risk assessment workshop to identify all closure risks. The highest risk events for closure of the Project included; a poor revegetation outcome, and failure of engineered structures. To mitigate these risks, and others, Atlas undertook a series of targeted closure investigations to ensure that knowledge gaps were filled, and appropriate control mechanisms were implemented. This work facilitated the development of the detailed mine closure plan (MCP), which was submitted and approved in 2013. Closure works were implemented according to the MCP between late 2013 and early 2014.
    [Show full text]