Ormonde Mining and the Barruecopardo Tungsten Project – what you need to know
A tungsten mine, capable of processing 260,000 metric tome units of tungsten, is on course to meet its production start date next year.
Ormonde Mining has confirmed that its Barruecioardo tungsten mine is still on route to meet its production target at the end of 2017.
"We look forward to the full construction stage of the Project once the remaining land access procedural steps have been completed,” said chairman Michael Donoghue.
Ormonde Mining and the Barruecopardo Tungsten Project – what you need to know
Ormonde Mining, based in Ireland, is an AIM and ESM listed nuberak resource company with major development projects in Spain.
The key developments for Ormonde are, the Barruecopardo Tungsten Project, Gold exploration in Western Spain, and the La Zarza Copper Gold Project – a “massive” sulphide style deposit with significant associated copper, gold and zinc resources.
The Barruecopardo Tungsten Project is located in the Salamanca Province, Castilla y Leon Region in Western Spain.
It is billed as a low cost, simple mining and simple metallurgy tungsten project. Ormonde retains 30 percent of the project, while Oaktree Capital Management holds 70 percent.
When production begins at the project, which is scheduled for a December 2017 start, there will be an estimated 260,000 metric tome unites of WO3 – Tungsten.
The mine currently has a nine-year mine life.
The total cost for the project, incorporating plant engineering and construction, water management, mining preparation, project services and environmental measures, comes to around 53.5m Euros.
As part of the mine development, a gravity processing plant will allow a throughput of 1.1 million tonnes per annum (“Mtpa”) operating five days per week, to produce an average 227,000 mtus of WO3 per annum over the nine-year life of the open pit.
Main Water Dam with a capacity of 760 million litres and smaller collection dams will ensure that the project is self-sufficient in its water requirement and, more importantly, not be a burden on other water supply sources in the area.
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