Sierra Rutile 2023 Half Year Results Presentation
Area 1 growth opportunities
Internal Mogbwemo Feasibility Study conducted
Sierra Rutile has investigated the development of the Mogbwemo Tailings
Project to reclaim waste tailings.
A
Project involves draining the Mogbwemo pond and mining 12.7Mt of
tailings at 1.32% rutile.
Work to date included spiral test work (3rd party and on-site plant
scale), drilling and geological modelling, a tender for the design and
supply of the plant, preliminary process engineering and flowsheet
development and lowering of the Mogbwemo pond level.
Mogbwemo offers the potential to reduce operating costs and
increase mine life at Area 1.
Capex of $20m to generate >40% incremental IRR.
Timing of investment contingent on improved market conditions and
satisfactory resolution regarding Third Amendment Agreement.
Sierra Rutile 2023 Half Year Results Presentation | ASX: SRX
Sierra Rutile
Koppa Dam Embankment
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