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MINING WELCOME 欢迎采矿 - The ASIA Miner

MINING WELCOME 欢迎采矿 - The ASIA Miner

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Philippines<br />

First nickel from Acoje pilot plant<br />

THE first nickel has been produced at ENK’s<br />

pilot plant on Luzon Island in northern Philippines.<br />

About 50kg of nickel hydroxide product<br />

(NHP) was released from the filter press,<br />

with initial assays showing the product contains<br />

about 49% nickel and 4% iron.<br />

<strong>The</strong> plant is about 250km north of Manila<br />

and can produce about 200kg of NHP each<br />

month using ion exchange to separate and<br />

purify the nickel and cobalt. <strong>The</strong> initial NHP is<br />

being sent to potential off-takers for evaluation.<br />

It has wide market appeal due to significantly<br />

low metal impurities.<br />

ENK’s managing director Robert Gregory<br />

says, “It is a magnificent effort by the Acoje<br />

team to go from being on care and maintenance<br />

last year to building and commissioning<br />

the pilot plant 10 months later.”<br />

ENK has two deposits on Luzon Island,<br />

with a combined JORC estimate of 840,000<br />

tonnes. <strong>The</strong> company hopes to use its lowcost<br />

heap leach process to extract nickel laterites<br />

at both the Acoje and Zambales<br />

chromite deposits.<br />

<strong>The</strong> company has demonstrated the percolation<br />

and extraction of nickel at its largescale<br />

demonstration plant at Çaldag in Turkey<br />

with continuous operations over a three year<br />

period. At this flagship project, ENK irrigates<br />

the heaps with dilute sulphuric acid, producing<br />

saleable mixed hydroxide product from<br />

<strong>The</strong> pilot plant and research facility at ENK’s Acoje<br />

Nickel Project.<br />

the downstream precipitation plant. Recoveries<br />

of 72% have been used in the Çaldag<br />

bankable feasibility study (BFS) for both nickel<br />

and cobalt. However, this mixed hydroxide<br />

product (MHP) has a higher level of metal impurities<br />

than the NHP produced from the pilot<br />

plant. Test work on an atmospheric pressure<br />

tank leach (ATL) in China is also continuing<br />

with encouraging results to date. ATL is an alternative<br />

leaching process to heap leaching<br />

and the company hopes test work on this<br />

system will help it to decide which leaching<br />

process will be taken forward to the Acoje<br />

BFS, which remains on track for completion<br />

by June 2012.<br />

ENK has started a comprehensive drilling<br />

program on the nearby Zambales Chromite<br />

Mining Corporation (ZCMC) tenement, which<br />

is about 5km north of Acoje and 250km north<br />

of Manila. It is owned 40% by ENK and 60%<br />

by an associated entity, Montemina Resources<br />

Corporation, and contains a JORC<br />

inferred resource of 23.5 million tonnes of<br />

nickel laterite ore at a grade of 1.18% nickel<br />

and 0.05% cobalt.<br />

<strong>The</strong> drill program of 255 holes totalling<br />

about 3000 metres is designed to provide infill<br />

drill data to upgrade the limonite estimate<br />

to indicated status as well as provide sufficient<br />

data to estimate an indicated resource<br />

for the untested saprolite horizon. <strong>The</strong> company<br />

expects the saprolite horizon will be<br />

similar Acoje where the saprolite could make<br />

up at least 50% of the total resource. Drilling<br />

will continue until the end of the first quarter.<br />

Joint venture for iron sands development<br />

ASTRA Far East, a subsidiary of Astra Resources,<br />

has signed a joint venture agreement<br />

with Cagayan River Construction & Development<br />

Corporation (CRCDC) to dredge, develop<br />

and manage iron sands reserves in the<br />

Cagayan River Delta and off-shore in northeast<br />

Luzon. Geological studies and extensive sampling<br />

suggest that at dredging depths of 14<br />

metres, well above 9 billion tonnes of iron<br />

sands are available with iron grades between<br />

27 and 59% with an average of 46%.<br />

<strong>The</strong> operation will be fully mechanized from<br />

river/sea bed preparation through to suction<br />

and discharge to barges. <strong>The</strong> project is expected<br />

to be supervised by dredging experts.<br />

Once dredged, the magnetite sands will need<br />

to be washed and separated and production<br />

of 60%-plus iron sands for export is expected<br />

to result from 30 to 60% of the sands, depending<br />

on the layers to be dredged.<br />

<strong>The</strong> Astra Group will maintain a super-majority<br />

of the joint venture entity in terms of equity<br />

and profit share entitlement, and is<br />

subject to Astra providing bond finance facilities<br />

for development and operation.<br />

Astra’s CEO Jaydeep Biswas says the<br />

dredging, developmental and mining permits<br />

currently allocated to CRCDC have now been<br />

assigned to the benefit of the joint venture.<br />

“Third party reports including geological studies<br />

from CRCDC have been positive, indicating<br />

that the area is an established producing<br />

region that exports to nearby steel manufacturing<br />

markets in China, Korea and Taiwan.<br />

“CRCDC has signed a memorandum of<br />

agreement with a provincial board in the<br />

Province of Cagayan, allowing the dredging<br />

of the delta with the responsibility to dispose<br />

of the sand metal content and residue. <strong>The</strong><br />

unusually high grade iron content is disposable<br />

through export and the residue is recyclable<br />

into other construction uses.”<br />

Astra’s managing director Silvana De Cianni<br />

says, “For the specific purpose of disposing<br />

the sandstone waste and residue, and marketing<br />

the processed iron component of the<br />

sands, a separate subsidiary with Astra at the<br />

helm shall be incorporated in Hong Kong.”<br />

<strong>The</strong> iron sands project is expected to supply<br />

Astra with a significant potential export<br />

business to some of the largest steel producing<br />

markets, with a key advantage of the project<br />

being its close proximity to China, the<br />

world’s largest iron ore importer.<br />

Additional geological work and feasibility<br />

studies are being conducted in the area prior<br />

to finalizing the funding from bond financiers.<br />

January/February 2012 | <strong>ASIA</strong> <strong>Miner</strong> | 45

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