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IRON ORE – Kanmantoo program approved |
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Hillgrove Resources has received approval of the Mining and Rehabilitation Program (MARP) for its Kanmantoo Copper/Gold Mine Project in South Australia. The MARP approval by the Department of Primary Industries and Resources SA is conditional on completion of design details for an element of the tailings storage facility design, which is expected within the next few weeks. Hillgrove’s managing director David Archer says, “The MARP has been approved after a rigorous evaluation by PIRSA and other government agencies following an extensive period of consultation with relevant stakeholders.” Kanmantoo, which is the company’s flagship project, is less than 60km from South Australia’s capital of Adelaide. It currently hosts a mineral resource of 32.2 million tonnes, including 2.3 million tonnes measured, 22.5 million indicated and 7.4 million inferred, grading 0.9% copper and 0.20 grams/tonne gold, and containing 292,200 tonnes of copper, 191,100 ounces of gold and 3,313,600 ounces of silver. With completion of construction targeted for the first quarter of 2011, Kanmantoo will be a 2 million tonnes/year open-cut mine annually producing about 17,000 tonnes of copper in concentrate and 8000 ounces of gold. As well as Kanmantoo, Hillgrove is focused on developing its Indonesian and Queensland base and precious metals projects. It is targeting the discovery of world class epithermal gold and porphyry copper/gold deposits in eastern Indonesia. www.hillgroveresources.com.au
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