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-10.00
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1.0320
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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
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Copper - Molybdenum - Silver -
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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%
Title
Company Profile
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Company website
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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
Tonnage
Grade
Reserves and resources
Molybdenum
Silver
Copper
Molybdenum
Silver
Copper
%
g/t
%
lbs
oz
lbs
Measured
0
0.00
1.50
0.00
9 973 740
Indicated
445,458,000
0.04
0.00
0.00
392 826 705
Mesured and Indicated
445,458,000
0.04
1.50
0.00
392 826 705
9 973 740
Inferred
0
0.00
0.00
0.07
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
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Copper
615 751 101
615 751 101
lbs
2 012 890 349 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
3/29/2011
Third Iron Ore Shipment Departs Port Hedland
Exploration and drilling
5/10/2013
: Mine Gate Sale of Spinifex Ridge Iron Ore
6/28/2011
Signs US$494 Million Debt Facilities for the Spinifex Ridge ...
4/11/2011
: China Development Bank Approves US$500 Million Project Fin...
3/4/2011
Advises Utah Point Access Extended to 2015
2/25/2011
Reports Spinifex Ridge Iron Ore Shipments Recommence After C...
1/2/2011
FIRST IRON ORE SHIPMENT DEPARTS PORT HEDLAND
8/20/2010
Spinifex Ridge Iron Ore Mining Contract-Awarded
3/1/2010
Hanlong and Spinifex Ridge Iron Ore Update
2/26/2009
Iron Ore at Spinifex Ridge
7/8/2008
Announces Environmental Approval for Spinifex Ridge
7/2/2008
Announces 43% Increase in Spinifex Ridge Molybdenum Project ...
6/24/2008
Finalises Offtake Agreement for 100% of Spinifex Ridge Produ...
5/29/2008
Spinifex Ridge Molybdenum Project Update
4/14/2008
EPA RECOMMENDS SPINIFEX RIDGE MOLYBDENUM PROJECT FOR MINISTE...
3/17/2008
Spinifex Ridge Molybdenum Project Update
2/14/2008
$1.1 billion mining contract awarded for Spinifex Ridge
1/29/2008
Reports Capital Control Cost Estimate and Budget for the Spi...
1/29/2008
Capital Cost Control Estimate & Budget
10/11/2007
Moves rapidly to detailed design and construction planning a...
9/5/2007
Spinifex Ridge Land Access Deed
8/1/2007
Spinifex Ridge increased to 20 million tonnes pa
5/2/2007
Spinifex Ridge – First Equipment Order
Discoveries and Drilling Results
3/11/2009
Reports Outstanding Drill Results and Director Resignation
9/18/2008
Iron Mineralisation at Spinifex Ridge
7/23/2008
Iron Ore at Spinifex Ridge
6/23/2008
: Iron Ore at Spinifex Ridge
10/22/2007
SAMPLING RETURNS HIGH GRADE IRON AT SPINIFEX RIDGE
Location
Data last updated on : 6/30/2008
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