Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The thing to watch for since that pit has not increased in size lately, is if another pit appears in a different area as it allows this bit to happen -
"The study can allow much greater flexibility in mine planning, development of multiple sites in parallel, and significant increases in production volumes over shorter time scales."
Of course, if it has been sold then we may never see more pits via the satellite. We're still a while away from the thaw happening so ground works/ore stock piling should continue at pace imho.
GLA
. . . . . .
Eurasia is committed to developing West Kytlim at a scale optimised to maximise value to its shareholders, while continuing to assess the potential for further similar PGM deposits adjacent to the project and in the locality. The Company manages the application process closely and has developed in house expertise in Russian subsoil licensing and license applications. The Tipil and Flanks licence applications were supported by proprietary in-house exploration data and extrapolation of resource and exploration work to areas adjacent the current mining concession.
GLA
WK is massive, they have around 117km2. They moved accommodation onto site for the pandemic. Something we've not heard back on to date is the other flanks app there, the 50.7km2 which received MOD approval in May last year -
2020 Summary to date
- New Leased machinery fleet delivered to site and operational since February 2020.
- Feasibility study commissioned to approve all resources on the license to mineable status and allow increases in production volumes without further exploration drilling.
- Crew shelters for the accommodation of 56 people were added to existing temporary buildings at the mine site to allow for protection from COVID-19 with additional response measures introduced including:
· Longer rosters to reduce travel
· Purchase of Express Test kits
· Wearing of face masks is mandatory
· Awareness interviews with employees
· Medical screening before dispatch and upon roster change
· Coordinated meal times to ensure social distancing maintained
Single Feasibility study targeting upgrade of all resources to mineable categories
Due to reserve and operational data generated over several seasons of mining, the Company has been able to strengthen its geological data set considerably. As a result, the drilling already undertaken is considered sufficient to categorise all resources on the mining license as mineable (as per Russian mining standard (GOST)), without further drilling. This was a major development for the project and Company arising from discussions with leading industry personnel and heads of federal level resource industry governing bodies in early 2020. The Company has now commissioned a single Feasibility Study for the entire mining license area, replacing all exploration and reporting work streams with a single commissioned report. This feasibility study, to be approved by federal rather than regional licensing authorities comes at a fraction of the cost compared with the site by site approach, with further resource drilling, pursued previously. The study can allow much greater flexibility in mine planning, development of multiple sites in parallel, and significant increases in production volumes over shorter time scales.
Further exploration license applications
Tipil License - Additional 24.5km2 west of the current mining license
Project Flanks - Additional 50.7km2 surrounds the current mining license and includes strike extensions to identified reserves and resources. MOD approval received in May 2020.
. . . . . .
Further to my earlier post I think we are seeing some sort of heat signature, if there were to be no activity the "target" would soon revert to the colder areas that are surounding, the more earth they are moving and deeper reveals warmer ground, to me this must indicate a lot of work is taking place at WK, anyone?
Also note the signature only starts to show from the 26th Feb
Just playing around with the Sentinel Satellite site and noted that if you switch on the "Moisture Index" from the left panel
you get a clearer "signature" of activity, note that if you have a look around this is the only place thats showing up indicating
a lot of activity ?.
https://apps.sentinel-hub.com/sentinel-playground/?source=S2&lat=59.5339263362481&lng=58.944997787475586&zoom=14&preset=1-NATURAL-COLOR&layers=B01,B02,B03&maxcc=20&gain=1.0&gamma=1.0&time=2020-09-01%7C2021-03-02&atmFilter=&showDates=false