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Cradle Resources striding towards development of Panda Hill niobium project, Tanzania

Cradle Resources striding towards development of Panda Hill niobium project, Tanzania

Cradle Resources (ASX: CXX) is advancing a scoping study of its Panda Hill Niobium Project in Tanzania, with the final scoping study report expected to be delivered this month.

Since the last project update, Coffey Mining has delivered the mineral resource statement for the project, along with a preliminary pit optimisation and schedule.

SGS Lakefield has completed a mineralogical study on the major material types, and undertaken preliminary flotation testwork on primary ore material.

Lycopodium has used these results to develop the process flowsheet and define the design criteria.

Equipment sizing, a plant layout and infrastructure site layout has been completed, including the preliminary design of the tailings storage facility.

All of these items have been costed and no critical issues have been flagged in the study to date.

The Environmental and Social Impact Assessment has been progressed with the preliminary documentation delivered to the Tanzanian National Environmental Management Council for their review.

Cradle is now focused preparing documentation for the Prefeasibility Study to commence shortly, with completion expected in the third quarter.

Panda Hill covers 22 square kilometres and lies close a major highway, an international airport, existing roads, rail, and power.


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