Green power plant adds spark to Alpha torbanite plans
The company flagged the plans as part of an update on the commercialisation pathway it is developing for the project, which is expected to cost $125million to $200 million to bring online.
And it said it was on track to deliver a maiden JORC mineral resource by late 2021 to underpin the project feasibility study and ore reserve estimate, targeted for completion in the first quarter of 2022.
The updated commercialisation strategy incorporates a “green” power generation model, with Alpha aiming to become a long-term provider of power into the local power grid from a 100MW solar and gas-fired hybrid power station.
Greenvale Mining aims for a useful life of more than 30 years for the hybrid plant, providing an additional source of revenue and helping the Alpha project become carbon neutral.
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The company said sighter testing had confirmed that the Alpha material was high yielding, with the site’s torbanite yielding up to 65 per cent synthetic hydrocarbons and the cannel coal yielding around 42 per cent synthetic hydrocarbons.
“Our commercialisation strategy for the unique Alpha torbanite deposit is rapidly taking shape, supported by the successful Retort Testing Program – now in its final stages,” Greenvale managing director Neil Biddle said.
“Importantly, sighter testing has confirmed historical data which indicates that the Alpha material is high yielding and shows that the deposit can produce a range of high value products with excellent commercialisation potential.
“These include industrial carbon products, bitumen products, liquid fuels, electricity and sulphuric acid.”
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