Havilah teams up with CMC to develop North Portia
JOHANNESBURG (miningweekly.com) – South Australia copper-focused junior Havilah Resources and mining partner Consolidated Mining and Civil (CMC) have agreed to jointly advance the North Portia copper/gold deposit, which is a key element of the miner’s copper growth strategy.
The parties have signed a binding memorandum of understanding (MoU), which commits them to jointly conduct a prefeasibility study (PFS) and detailed mine design for the North Portia deposit, which shares a mining lease with the existing Portia gold mine.
The aim is to complete the PFS by the end of June next year.
In terms of the MoU, CMC will be responsible for funding and engaging technical specialists to complete the detailed metallurgical testwork on drillcore samples and process design studies while Havilah will be responsible for funding and delivering a Joint Ore Reserves Committee-compliant measured and indicated resource, the independent verification of the North Portia copper/gold resource, and for securing all permitting required.
Havilah and CMC will aim to agree on a development plan for North Portia by June and to start overburden removal by July.
Initial mining will be about five-million tonnes of free digging secondary saprolite gold and copper/gold material above 150 m depth. This material will be processed in the Portia gold plant, with the addition of a flotation circuit to recover the finer free gold and copper sulphides.
Commenting on the MoU on Wednesday, CMC MD Steve Radford said that it made “perfect sense” for CMC to be involved in the North Portia development, having already worked with Havilah on the current Portia gold mine.
Havilah recently restructured its revenue stream at the Portia gold mine to give it more capacity to focus on its copper growth strategy. CMC has taken over the day-to-day management of the Portia gold mine and now has an 85:15 revenue agreement in place.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation