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Market: ASX
Sector: General Mining
Epic: ASX:GIP
News: Latest news
Web Site: Gippsland Limited
Other Articles: 17-04-200916-04-200923-03-2009

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Friday July 03, 07:01Commercial property: The contrarian view

The global recession has hit commercial real estate companies hard, with capital values falling 43.6% from their peak in June 2007.

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Thursday July 02, 10:45Rubicon Minerals, Eastmain Resources and Fission Energy to present at 7 July Investor Forum, Toronto, Canada

Our three presenting companies are well established mining companies with advanced stage assets. All three companies are well-funded and managed by a team of experienced professionals

 

 

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Gippsland Limited

Gippsland Limited

Gippsland Limited is an Australian based international resource company listed on the Australian Stock Exchange.

Gippsland focuses on world-scale projects which have been over-looked by major resource groups. Projects which have undergone detailed exploration and which have the potential to be brought into production quickly are a prime target for the Company. Gippsland's success in this area is due in part to the Company's philosophy of entering into equitable joint venture arrangements with overseas nationals.

The Company's prime assets are the 40 million tonne Abu Dabbab and the 98 million tonne Nuweibi tantalum-tin projects located in the Central Eastern Desert of Egypt, adjacent to the western shore of the Red Sea.

An Environmental Impact Assessment (EIA) completed to World Bank standards has been approved by the Egyptian Environmental Affairs Agency. A Bankable Feasibility Study undertaken by Lycopodium Engineering Ltd determined that the Abu Dabbab project has the potential to become a major tantalum supplier to the steadily expanding global tantalum industry. The Lycopodium BFS indicated that the project will produce in excess of 650,000 pounds of tantalum pentoxide per year over a likely mine-life of 20 years. The Company has executed an offtake agreement with the tantalum major HC Starck GmbH of Germany for the sale of 600,000 pounds of tantalum pentoxide per year for a 10 year period.

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Thursday, December 11, 2008

Gippsland says scoping study at Abu Dabbab identifies additional alluvium resource

Gippsland Ltd said a recently completed scoping study in relation to an extensive alluvial tin deposit within the licence area of the Abu Dabbab tantalum-tin-feldspar project in Egypt estimates an inferred resource of 438,000 cubic metres of alluvium.


Using a high tin cut off grade of 1.2 kilograms/m3, the company estimates the alluvial tin deposits explored contain in excess of 760 tonnes of recoverable tin metal.


Based upon the present tin price of US$11,500 per tonne, the alluvial tin has the potential to generate an additional US$8.7 million revenue during the one year it will take to process the material and in doing so will generate a net cash bonus for the overall Abu Dabbab project of approximately US$5.1 million during the first year of operation.


Gippsland expects that only minimal additional plant and equipment will be required to process and recover the alluvial tin, making it an extremely cost effective process.


The alluvial tin concentrate will be smelted in the Abu Dabbab submerged arc electric furnace to produce London Metal Exchange grade tin metal.

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