Calculation expected to be completed quite quickly
At the McLaren Titanium project in Western Australia, Allup Silica (ASX: APS, WKN: A3DMM5) is currently preparing a new drill initiative. At the same time, IHC Mining Consultants has started the first studies for a preliminary feasibility study. These primarily cover the technical planning aspects.
Current planning assumes that the processing plant will have a throughput of ten million tons of free flowing sand per year. From this, Allup Silica expects an annual ilmenite production of up to 400,000 tons. Metallurgical studies conducted by IHC Competent Persons in 2018 confirm these assumptions, as they show good ilmenite recovery rates from a conventional mineral sand flowsheet.
The samples were taken from a 14-tonne composite sample collected from the McLaren deposit. The sample yielded a grade of approximately 7.2 per cent heavy mineral, and the mineralogical analysis of the heavy mineral indicates that it contains 56.3 per cent ilmenite and higher-grade titanium minerals such as leucoxene. This scheme will therefore also form the starting point for the studies in the pre-feasibility study.
New drilling to expand and upgrade the existing resource
In a few weeks, in the fourth quarter of 2024, Allup Silica plans to commence a new infill drilling program at the McLaren deposit. This drill program has been planned by Environmental Resources Management. The company will then also undertake the evaluation of the drill data and an update of the mineral resource estimate.
The primary objective of the drilling is to increase the size of the resource and to upgrade the existing ore bodies by converting them to a higher category. The fact that Allup Silica has access to extensive material and data from previous work has a very positive effect in this regard. For this reason, the resource update and the feasibility study based on it are expected to be completed quite quickly.
If all goes according to plan, Allup Silica expects to be able to present an updated mineral resource as early as the beginning of 2025. The Company expects to be able to complete the preliminary feasibility study in the second quarter of 2025, as the results of the new resource calculation are to be integrated into the feasibility study.
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