Proto Resources (ASX:PRW) has updated the market on their Feasibility Study at their Tasmanian Barnes Hill copper-cobalt project. The FS on the Barnes Hill project is ‘substantially complete’ as only one leach optimization has to be further refined. The FS will include the increased mining rate of approximately 500,000 tonnes per annum, which should result in an annual production of 250 tonnes of Cobalt and 4,000 tonnes of Nickel per year.
As reported earlier, Proto Resources is currently assessing the possibility to start exporting iron ore from the Barnes Hill project to potential offtakers. The information on the iron ore is currently being incorporated in the Feasibility Study. Proto is currently waiting on further results from tests being conducted in China to further enhance and upgrade the product specifications.
At the Lindeman Bore project, the company is currently finalizing its target to pierce the center of the copper and gold mineralization intersected by LBD-3.
Read the full press release here (pdf)
Disclosure: Proto Resources & Investments Ltd. is a sponsoring company. Please see our disclaimer for current positions.
