MUL/OZR – WIM150 Mineral Sands Development – Australia - Project Profile
"MUL/OZR – WIM150 Mineral Sands Development – Australia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Million Up Ltd (MUL), in joint venture with Orient Zircon Resources Pty Ltd (OZR), is planning to undertake the WIM150 Mineral Sands Development in Victoria, Australia.
The project involves the construction of a mineral sands facility to mine the deposit at the rate of 10 million tonnes per annum (MTPA) of mineral sand ore on 12,850ha of land. It will produce 675,000 tonnes of heavy mineral concentrate containing 80,000 tonnes of ilmenite; 85,000 tonnes of zircon; 15,000 tonnes of monazite and 10,500 tonnes of HiTi (rutile and leucoxene) minerals.
The project includes the construction of mining unit plant, wet concentration plant and a mineral separation plant.
Gresham Advisory Partners Ltd has been appointed as financial advisor to provide advice in project debt and funding. Optiro Pty Ltd completed an optimized re-scheduling of the mine development plan.
Australian Zircon NL (AZC) will contribute US$296 million for the construction of the project.
Murray Zircon Pty Ltd has been appointed as management contractor for the project.
In 2015, the technical and environmental studies including a Bankable Feasibility Study and subsequent Optimisation Studies for the project were completed.
In March 2016, Australian Zircon NL (AZC) entered into a ‘terms sheet’ to sell its 80 percent interest in the project to MUL.
In August 2016, the feasibility study on the project was completed.
Environmental Effects Statement(ESS) process has been placed temporarily on hold and MUL is currently reviewing all historic work undertaken on the project.
The project involves the construction of a mineral sands facility to mine the deposit at the rate of 10 million tonnes per annum (MTPA) of mineral sand ore on 12,850ha of land in Australia.
The US$381 million project includes the following:
1. Construction of typical mining unit plant
2. Construction of typical wet concentration plant
3. Construction of mineral separation plant
4. Construction of other related infrastructure facilities
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