Redbank Copper Limited (ASX: RCP) today announced key initiatives to advance its high grade copper project development towards meeting the target commencement of mid 2010 for copper cathode production.
· Project Management group appointed
· SX-EW Construction group engaged
· Environmental Impact Statement finalising
Redbank has engaged the Western Australian based resource development consultancy group MSP Engineering Pty Ltd. McSweeney Partners (MSP) has 40 years experience as a leader in the field of engineering studies, design, construction and project management of minerals processing facilities for many of Western Australian well known mining companies.
They will undertake Project Management for Redbank and oversee development from design, commencement and through to commissioning.
Redbank Managing Director, Bruce Morrin, said the company is pleased to engage the services of McSweeney’s who have an immense depth of experience bringing projects in on time and within budget particularly in remote areas like Redbank.
Redbank is currently finalising agreements for the design and construction of a Solvent Extraction Electro Winning plant with
CPS provides a complete turnkey package solution for SX-EW plants for copper, nickel and uranium.
Mr Morrin commented “The plant is a key component in the development of the oxide processing stream for our project. Initial oxide ore processing is proposed to commence at a throughput rate of 150,000 tpa producing 2,100 tonnes of LME grade A 99.99% copper cathode per year. Ultimately we will aim at doubling cathode production”.
“We are currently finalising details with service providers for the design, procurement, construction and commissioning of the plant and are aiming to commence construction immediately following the Northern wet season, around April next year, ahead of proposed commissioning midyear”.
The proposed capital cost for the SX-EW plant will be less than $8.0 million.
The recently released mine study also outlined the economic viability for copper concentrate production at initially a throughput of 300,000 tpa of sulphide ore producing 5,500 tpa of copper in concentrate and increasing to 500,000 tpa throughput producing 8,700 tpa copper in concentrate.
Environmental Impact Statement
The Company is currently finalizing its EIS which it is expecting to submit within the next two weeks. The EIS is a key milestone in the approval process and will cover environmental improvements including water management as well as addressing the future mining and processing of oxide and sulphide ores.
Redbank is aiming to have all environmental and other approvals obtained by early 2010.