22nd May 2024
Runtime 00:48
SVML to commence Pilot Mining:
- Over 3 months
- Excavating 150,000 cubic meters
- From a test pit of 120m by 110m, 20m deep
- Using dry & Hydraulic techniques
- Across a 9.9-hectare test site including stockpiles, laydown areas and infrastructure
Primary Objectives:
- Optimise mining methods through empirical data
- Scale-up existing in-country processing capacity
- Optimise tailings management
- Provide bulk samples for graphite qualification
- Design land rehabilitation schemes for backfill and revegetation
Reasons to add SVML to your watchlist:
- Commercialising the World’s largest rutile resource & World leading Graphite discovery
- PFS post tax NPV8 of $1.6Bn
- Rio Tinto Strategic investor at 15%