Progress Report on South Johnstone Project – 10 September 2014
The Scoping Study is proceeding to assess the potential economic viability of the development of a bauxite mining operation at South Johnstone.
This study is being undertaken by an independent consultant and will produce capital and operating cost estimates for the major facets of the South Johnstone project.
Site visits have taken place which included discussions with relevant landowners, ports, councils and other authorities and to date they have all been favourable towards the development of the project.
The Scoping Study is anticipated to be completed in September/October 2014.
Drilling has recommenced at South Johnstone and seeks to upgrade the Inferred Resource inventory. Results will be released when at hand.
The completion of the Scoping Study will further strengthen the Company’s position in the discussions with potential off-take partners.