Modern Mining

Australian junior MOD Resources, listed on the ASX, has announced “significant progress” on a number of fronts at the T3 project in Botswana and on regional exploration, currently focused along the T20 Dome, 120 km west of T3.

T3 and T20 form part of the joint venture between MOD (70 %) and AIM-listed Metal Tiger (30 %) relating to an extensive licence holding in the central and western parts of the Kalahari Copperbelt. The in-country operating company is Tshukudu Metals Botswana.

On 30 March 2017, MOD announced that the Department of Environmental Affairs (DEA) required an Environmental Impact Assessment (EIA) for the next phase of drilling at T3. The DEA has since advised that the level of environmental assessment required has been reduced from an EIA to an Environmental Management Plan (EMP) following consultation with Tshukudu’s environmental consultants. Key elements of the process are already complete and the EMP was due to be lodged on 25 May. This will be followed by a public review period before being considered for final approval by the DEA, with drilling targeted to resume in July.

MOD’s Managing Director, Julian Hanna, said he was pleased the environmental threshold was reduced. “We look forward to continuing with drilling for additional resources and prospective targets around T3 as soon as approval is granted,” said Hanna. “In the meantime, we will progress the T3 mine PFS, the substantial T3 Dome soil sampling and airborne EM surveys.

“Experience gained from the environmental approval process will also contribute to the permitting required for the T3 mine feasibility studies and put us in good stead to start unlocking the value of other targets on our extensive regional holdings along the Kalahari Copperbelt,” he said.

After 12 months of non-stop drilling, the recent break has enabled the Tshukudu site team to complete the backlog of core logging, improve the efficiency of support services including assay turnaround and progress regional exploration on other targets.

MOD announced a substantial maiden copper/silver resource at T3 on 26 September 2016. Total cost of discovery of T3 and delineation of the maiden resource was an exceptionally low US$1,7 million, equivalent to only US$0,22/lb copper contained within the resource.

On 6 December 2016, MOD announced the results of its scoping study for an open-pit mine at T3. A pre-feasibility study (PFS) commenced in early 2017 and is targeted for completion in the December quarter 2017. A revised resource for T3 to include the recently discovered Zone 2 mineralisation is targeted to be completed in July 2017. This is expected to be incorporated into an expanded PFS.

Contact Modern Mining

Title: Editor
Name: Arthur Tassell
Email: mining@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

Title: Advertising Manager
Name: Bennie Venter
Email: benniev@crown.co.za
Phone: +27 11 622-4770
Fax: +27 11 615-6108

BANNER 9

 
Full Name*
Invalid Input

Company Name*
Invalid Input

Your Email*
Invalid Input

Phone*
Invalid Input

Postal Address 1*
Invalid Input

Postal Address 2*
Invalid Input

Postal Code*
Invalid Input

Street Address 1
Invalid Input

Street Address 2
Invalid Input

Postal Code
Invalid Input

Town / City*
Invalid Input

Country*
Invalid Input

Magazine

Invalid Input

Invalid Input