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SPINIFEX RIDGE Project
SPINIFEX RIDGE
Country Australia 
Province Western australia
Close to Marble bar
Status PRODUCTION 
Surface 21 km² / 5,127 acres
Latitude / Longitude 20 S 53 / 120E 06 3447
Legends
Valorisation
Print Valuation Travel To Property All neighbouring Properties Mines and deposits nearby All active properties nearby
Produces Copper - Molybdenum - Silver -
Develops
Explores for
Risk and valuation analysis of the SPINIFEX RIDGE Project
Status Risk : Production
Country Risk : Very Low
Resource Risk : 24.00%
    Link to technical report
Title(s) of the SPINIFEX RIDGE Project
Moly Mines Ltd.
Owner: 90%
Company ProfileAll ProjectsCompany websiteCompany project page
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
On April 1, 2004, the Company, through Moly Metals, entered into an option agreement (the “Option Agreement”) with Kallenia Mines Pty Ltd. (“Kallenia”), an arm’s length party, to acquire an initial 5% interest in the Spinifex Ridge Project at a cost  more...
Location of the SPINIFEX RIDGE Project
The Spinifex Ridge Molybdenum / Copper Project is located approximately 50 km northeast of the town of Marble Bar and 140 km east-southeast of the town of Port Hedland in the East Pilbara Shire of Western Australia.
 
History of the SPINIFEX RIDGE Project
The deposit was discovered more than 35 years ago and the area was explored by a succession of international companies through to 1991. The Spinifex Ridge Project lay dormant from 1991 until Moly Mines became involved in 2004.
 
Reserves and resources of the SPINIFEX RIDGE Project
TonnageGradeReserves and resources
MolybdenumSilverCopperMolybdenumSilverCopper
%g/t%lbsozlbs
 Measured00.001.500.00 9 973 740
 Indicated445,458,0000.040.000.00 392 826 705
 Mesured and Indicated445,458,0000.041.500.00 392 826 705 9 973 740
 Inferred00.000.000.07 615 751 101
 Total 445 458 000 392 826 705 9 973 740 615 751 101
Definitions
Reserves and resources of the SPINIFEX RIDGE Project
MetalTotalReservesResourcesUnitIn situ value
ProvenProbableProven and ProbableMeasuredIndicatedMesured and IndicatedInferred
 Copper 615 751 101 615 751 101lbs2 012 890 349 US$
 Silver 9 973 740 9 973 740 9 973 740 oz 223 012 833 US$
 Molybdenum 392 826 705 392 826 705 392 826 705 lbs US$
Production
3/29/2011Third Iron Ore Shipment Departs Port Hedland
Exploration and drilling
5/10/2013: Mine Gate Sale of Spinifex Ridge Iron Ore
6/28/2011Signs US$494 Million Debt Facilities for the Spinifex Ridge ...
4/11/2011: China Development Bank Approves US$500 Million Project Fin...
3/4/2011Advises Utah Point Access Extended to 2015
2/25/2011Reports Spinifex Ridge Iron Ore Shipments Recommence After C...
1/2/2011FIRST IRON ORE SHIPMENT DEPARTS PORT HEDLAND
8/20/2010Spinifex Ridge Iron Ore Mining Contract-Awarded
3/1/2010Hanlong and Spinifex Ridge Iron Ore Update
2/26/2009Iron Ore at Spinifex Ridge
7/8/2008Announces Environmental Approval for Spinifex Ridge
7/2/2008Announces 43% Increase in Spinifex Ridge Molybdenum Project ...
6/24/2008Finalises Offtake Agreement for 100% of Spinifex Ridge Produ...
5/29/2008Spinifex Ridge Molybdenum Project Update
4/14/2008EPA RECOMMENDS SPINIFEX RIDGE MOLYBDENUM PROJECT FOR MINISTE...
3/17/2008Spinifex Ridge Molybdenum Project Update
2/14/2008$1.1 billion mining contract awarded for Spinifex Ridge
1/29/2008Reports Capital Control Cost Estimate and Budget for the Spi...
1/29/2008Capital Cost Control Estimate & Budget
10/11/2007Moves rapidly to detailed design and construction planning a...
9/5/2007Spinifex Ridge Land Access Deed
8/1/2007Spinifex Ridge increased to 20 million tonnes pa
5/2/2007Spinifex Ridge – First Equipment Order
Discoveries and Drilling Results
3/11/2009Reports Outstanding Drill Results and Director Resignation
9/18/2008Iron Mineralisation at Spinifex Ridge
7/23/2008Iron Ore at Spinifex Ridge
6/23/2008: Iron Ore at Spinifex Ridge
10/22/2007SAMPLING RETURNS HIGH GRADE IRON AT SPINIFEX RIDGE
Location
Data last updated on : 6/30/2008
Disclaimer
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.
Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources