Investor meet a and a26 Mar 2024 11:41
Bsp posted this
Question 8:
Do EEE have any ESG concerns with this project? Such as the production of CO2, acid capture, potential water contamination and tailings handling.
We have no specific concerns however, as with all new mining projects, ESG will of course be front and centre as we progress towards commercial production. We have access to all of the infrastructure we would need to build an operation at Pitfield including access to a planned green energy hydrogen fuel hub. The Eneabba refinery, under construction by Iluka (30km southwest of the Pitfield Project), involves sulphuric acid roasting of monazite (a REE-Th mineral) and all the necessary environmental and social permitting for that project has been approved by Federal and State Governments. The Pitfield project is likely to be considerably less complex and energy intensive and Empire will ensure that operations are optimised for efficiency and sustainability, including acid recovery and reuse in the ore processing.
Question 9:
Are there any plans to take EEE out of AIM?
There are no plans to take EEE out of AIM.
Question 10:
What are the capital and operating costs of converting Titanite into a rutile equivalent concentrate?
Does anyone else do this?
Are there any radionuclides?
When will you get to PFS?
Will you need to build pilot / demonstration plant?
What will this cost?
What is the opportunity for discovering copper within the Sedimentary basin environment?
Are ANSTO helping you?
Is there political risk that WA rebels and breaks away from the rest of Australia?
Lots of great questions in here to answer! a. From the indicated initial flow sheet we released on 5 March, we expect a cost and capital effective process for converting titanite into a rutile equivalent product and we will be proving this out over the next 6-12 months. Our project development plan that includes a demonstration plant will determine these costs for our specific project and ore. b. In our last release we referenced studies which show the successful leaching of titanate to a >95% TiO2 product (like rutile). We will be showing how this will work on a commercial scale through our testwork and demonstration plant results. c. All our drill results to date have indicated no. d. The current development plan will be collecting and determining much of the information needed for a PFS, including mineral resource estimate, process-product flowsheet and costs, environmental and social studies, etc. e. Yes, we are planning on building a demonstration plant. The rationale for building the demonstration plant is to deploy a lower amount of capex to demonstrate the process and produce a saleable product so that we can be confident in the economics in a tangible and proven way. f. It is too early to estimate a cost for the demonstration plant given we are still developing the process flowsheet. g. Copper potential is very good as supported by historical and our collected data. Cont