Growth Projects - Arctic Platinum Project
Salient features
- Palladium, Platinum, Gold, Copper
and Nickel Deposit
- Mineral Resource 12.6 Moz
- Option to crystallise value being
assessed
- Hydrometallurgical process test work
in progress
|
At Gold Fields Arctic Platinum Oy, located
in Finland, the JORC Mineral Resource
estimates generated by Snowden Mining
Industry Consultants for the Ahmavaara
and Konttijarvi PGE+Au-Cu-Ni deposits
and the total SK Reef package, were
re-stated as of December 2004 and
remain unchanged. The project Mineral
Resource comprises 168.3 Mt at 2.3 g/t
for 12.6 Moz of 2PGE plus gold.
A 100 % interest in the Arctic Platinum
Project (APP) is currently applied. North
American Palladium (NAP) did not
take up their option to acquire 60% of
the Arctic Platinum Project (APP) and
consequently the Resource Statement
remains the same as previously reported.
Positive results from preliminary metallurgical
tests, using a hydrometallurgical
process have justified additional
engineering work to perfect the cost
estimates for using this process on a commercial scale. During F2010 further work
will be completed to assess the economic viability of the process and a decision will
be made on pilot plant testing by Q4 F2010.
 |
| Bulk sample collection (2006), APP, Finland |
APP Mineral Resources
| |
Measured |
38.6 |
|
2.34 |
|
2,907 |
|
1.75 |
|
0.44 |
|
0.15 |
|
0.23 |
|
0.10 |
|
| |
Indicated |
54.0 |
|
2.03 |
|
3,522 |
|
1.52 |
|
0.37 |
|
0.14 |
|
0.23 |
|
0.09 |
|
| |
Inferred |
75.7 |
|
2.54 |
|
6,173 |
|
1.93 |
|
0.50 |
|
0.10 |
|
0.15 |
|
0.07 |
|
| |
Total APP |
168.3 |
|
2.33 |
|
12,601 |
|
1.76 |
|
0.45 |
|
0.12 |
|
0.19 |
|
0.09 |
|
|
