EQ Resources appoints team to drive mining plan
The feasibility study will assess the potential for an open pit operation prior to going underground to target the significant resource at the historical tungsten mine.
The proposed expansion of operations at Mount Carbine would also include scale-up of the XRT sorting plant for the processing of the mineralised stockpiles as a primary bulk feed source of up to 1,000,000 tonnes per annum.
EQ Resources said the feasibility study was funded by a well-supported $6.5 million capital raising earlier this year.
Consultants are in the process of being appointed in the project structure for Phase 1 of the study including DAS Mining Solutions, Measured Group, Mincore, Ausenco, GHD and NRA.
EQ Resources said the study would focus on continuous improvement and amendment initiatives to the gravity plant operating at site, to understand the degree of scalability in line with the strategic project growth plan.
The company is concurrently working with financial advisory group Rock Financial with a view to re-opening the historical tungsten mine.
“We are pleased that all of the consultants selected for this project have Queensland-based offices,” chief executive officer Kevin MacNeill said.
“There will be a strong local contribution and many of the consultants
have previously been engaged on the project.
“The company has received an early bonus from the resource drilling in that the results have pointed to the possibility of accessing ore blocks via an extension to the open pit, allowing for lower upfront capital investment while maintaining the benefits of accessing higher-grade primary ore to supplement the mineralised stockpile feed.
“Fresh ore can be processed through the same crushing, screening, sorting and gravity beneficiation plant as the feed from the mineralised stockpile.
“The potential of an extended open pit provides a new dynamic to our strategic development plan and gives the opportunity to access primary ore earlier than expected.”
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