Leading consultants CSA Global have been appointed to evaluate development opportunities for one of Australia’s largest undeveloped zinc-lead deposit.
HIGHLIGHTS
- Conceptual Mining Study to commence immediately on the advanced Manbarrum Zinc-Lead project: targeted completion by end of September Quarter.
- Manbarrum contains one of the largest undeveloped zinc-lead resources in Australia.
- The zinc price recently hit a 10-year high of US$3,117 a tonne and is up around 8% over the past week.
- Strong market conditions and outlook provide a favourable backdrop for development studies on the Manbarrum Project to be fast-tracked.
Todd River Resources Limited (ASX: TRT) is pleased to advise that it has appointed leading mining industry consultants CSA Global to undertake a Conceptual Mining Study on its 100%-owned Manbarrum Zinc-Lead Project, located 70km north-east of Kununurra in the Northern Territory (Figure 1).
The purpose of the Conceptual Mining Study is to establish the criteria for a successful development of the Manbarrum Project.
CSA Global proposes to explore a range of key project parameters to identify the circumstances required to support the project development and to enable it to be successfully developed.
SOURCE: TODD RIVER RESOURCES
DATE: AUGUST 24, 2017
