Batla Minerals uses diamond proceeds to purchase and move early stage, quality mineral deposits in the Southern Africa region up the value curve.
Resource Riviera Tungsten
- Project to be the 11th largest deposit in the world.
- Bongani Minerals (effective control by Batla) received prospecting right July 1, 2011 for tungsten, molybdenum, rare earths, copper, zinc, silver and gold.
- Re-testing of select core drill data from 30+ years ago indicates 80% validation of historic data.
- Resource contains 46 million tons ore (historic Anglo data) with estimates of:
- 100,000 tons tungsten
- 9,000 tons molybdenum
Phase 1 - 2012-2013 CAPEX & OPEX est. $2Mil (secured)
- Prospect drilling began in March 2012
- Selected 11 historic bore holes and 1 new bore hole for new assay
- Update resource information based on new assay results
- Complete SRK technical review on deposit
- Establish future critical path for project
Phase 2a – 2014+ OPEX est. $500k
- Utilise available core to perform exploratory metallurgical test work
- Expand the scale of further metallurgical testing based on results
- Desktop study on alternative mining methods and ore extraction
- Develop an initial economic assessment of potential project viability
Phase 2b – 2016+ OPEX est. $10-15Mil
Subject to obtaining suitable site access:
- Complete prospect/infill drilling
- Assay/metallurgical work
- Scope work on full project CAPEX
- Conduct pre-feasibility study
- Achieve an indicated resource classification
Goals:
- Develop an initial economic assemment based on new metallurgical test work and improved understanding of viable mining methods and ore extraction.
- Access historic Anglo data to determine exploration spend and optimize development approach.
- Complete pre-feasibility study by the end of 2016.
- Achieve an indicated resource classification after a further 12 months at an estimated cost of $10-15Mil.