RE: Morning chaps10 Aug 2018 08:54
20% Increase in T3 Feasibility Study Plant Throughput to 3Mtpa
ML
MOD Resources Limited <administrator@modresources.com.au>
Fri 10/08/2018 01:00
Inbox
To:
malc_tan************;
10 August 2018
LinkedIn
LATEST ANNOUNCEMENT
20% Increase in T3 Feasibility Study Plant Throughput to 3Mtpa
• T3 plant throughput capacity increased to 3Mtpa, a 20% increase to the PFS Base Case
• Sedgman appointed as Feasibility Study (FS) process and infrastructure engineers
• Azure Capital and Terrafranca appointed as Debt Advisers to secure debt finance for T3
• FS on schedule for completion by end of March 2019
MOD Resources Limited (ASX: MOD) today announced that following the major increase in the T3 resource announced 2 July 2018, a review of the planned throughput for the T3 process plant has been undertaken. The Feasibility Study is now based on an increase in the process plant throughput to 3Mtpa, with allowance for staged future expansion. Throughput selection was based on criteria that included the tonnes of indicated category resource, target mine life of at least 10 years and the optimal operational and financial outcome for MOD.
Managing Director Julian Hanna said:
“We’ve had a great deal of interest already in our T3 Project, following our debut presentation at the Diggers and Dealers Conference this week. We are really pleased to report this increase in the proposed plant capacity following the recent resource upgrade. The T3 Pit Feasibility Study remains on schedule for completion by the end of March 2019 and all key technical consultants are now engaged.”
“The T3 Project is located at one of many ‘domes’ identified within the 700km2 T3 Dome Complex that could, if mineable resources are discovered, utilise the proposed T3 process plant. We are continuing to fast-track exploration drilling at the nearby A4 Dome, where we announced outstanding first assay results earlier this week.”
Sign In
Follow the stocks
