| CARNILYA HILL Project |
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CARNILYA HILL |
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Country |
Australia
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Close to |
Kambalda |
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Status |
PRODUCTION
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Latitude / Longitude |
31 S 03 / 121 E 51 |
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Legends
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| Risk and valuation analysis of the CARNILYA HILL Project |
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| Title(s) of the CARNILYA HILL Project |
 | Mincor Resources
Owner: 70% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Mincor announced on January 8, 2008, that it had signed a conditional Heads of Agreement to acquire View Resources’ 30 percent interest in the project. If settlement is achieved, the $22.5m cash outlay is expected to produce a strong financial return based on current reserves, as well as providing Mincor with 100 percent of the future upside. |
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| Location of the CARNILYA HILL Project |
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The Carnilya Hill nickel mine is 25 kilometres north east of Kambalda. The mine was purchased by View Resources in April 2003. The mine had previously been operated as a joint venture between WMC and BHP, and produced 1.4 million tonnes of nickel ore at a grade of 3.4% nickel prior to its closure and rehabilitation in 1998.
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| History of the CARNILYA HILL Project |
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Between 1979 and 1998, the mine Carnilya Hill Mine produced 1.4mt of ore grading 3.38% nickel for 47,000t of nickel metal. The mine closed in 1998 due to a depressed nickel price of approximately US$2.00 per pound
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| Geology of the CARNILYA HILL Project |
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Kambalda's nickel deposits are believed to have formed approximately 2.7 billion years ago. The deposits were formed in lava channels, created by 'rivers' of lava that extended for many miles. Under the right circumstances, nickel sulphides pooled more...
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| Production history |
| Metal | 2010 | 2009 |
| NICKEL (lbs) | 5,601,946 | 4,691 |
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| Discoveries and Drilling Results | |
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Data last updated on : 6/30/2010
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Disclaimer
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All information on this page comes from internal and external sources deemed reliable. This information might not be up to date, so please perform due diligence before making any conclusion or making any action. Do contact us should any information be missing or incorrect.
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