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DC Field | Value | Language |
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dc.date.accessioned | 2017-02-02T00:57:21Z | - |
dc.date.issued | 2005 | en_US |
dc.identifier.govdoc | CR2005-0275 | en_US |
dc.identifier.uri | https://geoscience.nt.gov.au/gemis/ntgsjspui/handle/1/84224 | en_US |
dc.description.abstract | Olympia Resources Ltd has had a successful year further assessing the Aturga abrasives deposit and undertaking a review of the other holdings. The main thrust of the years work has been the completion of a revision of the earlier feasibility study by HBH Engineers with modifications to allow for a two stage start up of the operation, continuing studies on a potential source of water in the Ambalindum Sandstone and soil sampling at Bruce's copper prospect. Reports associated with these studies have been appended to this report. A mine and processing plant with a maximum production capacity of 80,000 tpy of abrasives can be constructed for the Harts Range Project for a capital cost of AUS$4 million. This plant carries out dry processing only at the Harts Range minesite with secondary wet and dry processing occurring at Alice Springs. The majority of approvals are in place for the Harts Range Project however further environmental approval is required for the Alice Springs secondary processing plant. Completion of the approvals process is expected to be completed over the next 3 months. A garnet market survey carried out by Mineralex along with data from other sources indicates an abrasive market in Australia of approximately 50,000 tpy of which approximately 30,000 tpy is garnet. It appears feasible for Olympia to gain 20% of this market as the Alice Springs location makes Olympia's products very cost competitive in the Northern Territory and Queensland and competitive to a lesser extent in South Australia, Victoria and NSW. Based on Olympia's current market data it is predicted that sales of 6000 tpy of Garnet and Garnetblende into the Australian market could be achieved in the first year of the Harts range operation. At this level of sales the operating cash flow would be approximately at breakeven. In year 2 sales are predicted to increase to 10,000 tpy with a net operating cashflow of $300,000. At some stage it is anticipated that banning of copper slag will lead to large bulk shipments into Asia leading to operating cash flows at Harts Range in excess of $1 million per year. It is difficult to produce a truely bankable feasibility study with no off take agreements and with Garnetblende being a new product to the abrasive market. Finance from banks for Harts Range is unlikely and other methods of financing will need to be investigated. | en_US |
dc.subject.classification | Abrasives | en_US |
dc.subject.classification | Garnet | en_US |
dc.subject.classification | Garnet sands | en_US |
dc.subject.classification | Feasibility studies | en_US |
dc.title | Group annual report for EL 10150, EL 9190, EL 9191, EL 10331, EL 9851, EL 10372 and EL 9410 Harts Range Garnet Project, year ending 22 January 2005 (includes information on Bruce's Cu/Au Prospect) | en_US |
dc.relation.isatmap100 | Laughlen 5751 | en_US |
dc.relation.isatmap100 | Riddoch 5851 | en_US |
dc.relation.isatmap250 | Alice Springs SF5314 | en_US |
dc.relation.isatgeolprovince | Arunta Region | en_US |
dc.relation.isatgeolprovince | Cenozoic sediments | en_US |
dc.description.mineprospectname | Harts Range | en_US |
dc.description.mineprospectname | Bruces Prospect | en_US |
dc.description.mineprospectname | Harts Range Garnet Sands | en_US |
dc.identifier.tenure | EL10150 | en_US |
dc.identifier.tenure | EL9190 | en_US |
dc.identifier.tenure | EL9191 | en_US |
dc.identifier.tenure | EL10331 | en_US |
dc.identifier.tenure | EL9851 | en_US |
dc.identifier.tenure | EL10372 | en_US |
dc.identifier.tenure | EL9410 | en_US |
dc.description.modifyhistory | 19/09/2005 | en_US |
dc.description.modifyhistory | 16/03/2006 | en_US |
dc.description.modifyhistory | 11/11/2013 | en_US |
dc.description.modifyhistory | 10/01/2017 | en_US |
dc.contributor.holder | Olympia Resources | en_US |
dc.identifier.collectionname | Minerals Exploration Reports (MEX) | en_US |
dc.identifier.govdocprefix | CR2005 | en_US |
local.flag.notified | 1 | |
Appears in Collections: | Minerals Exploration Reports (MEX) |
Files in this Report:
File | Size | Format | Add to Download |
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CR20050275_2005_GA_01.pdf | 20.87 MB | Add | |
CR20050275_2005_GA_02_Harts_Range_FS.pdf | 1.23 MB | Add |
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