The Ranobe Mine is projected to produce 407,000tpa of ilmenite and 44,000tpa of zircon rich concentrate per annum over an initial 21 year mine life. This first phase of development utilises around 17% of the 959 million tonne of Mineral Resource defined at Ranobe.
The overall THM grade of 6.1% at Ranobe is high by minerals sands industry standards and the initial Ranobe mine plan focuses on a Ore Reserve of 161 million tonne averaging 8.2% THM, resulting in one of the highest in-situ ore values in the sector. With no overburden and very low slimes (<5%) simple dry mining can be utilised.
The heavy mineral at Ranobe consists predominantly of ilmenite making up approximately 70% of the concentrate produced. The project also benefits significantly from the presence of much higher value zircon and rutile which together contribute about 10% of the heavy mineral, but around 45% of the value of the ore mined.
The ilmenite and zircon rich concentrate can be easily separated utilising standard equipment and existing infrastructure can be leveraged to minimise the initial development capit