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:: Millennium Minerals is on the Hunt for Minerals Processing Equipment
Millennium Minerals says that itís now updating the economics using current prices of mining its 100% owned Nullagine Gold Project in the East Pilbara District of Western Australia, which was shelved in 2007.
The company is also assessing the potential for heap leaching the medium to low-grade material. The scoping study showed that were this material able to be processed the overall waste to ore stripping ratio of the project could be significantly reduced.
An independent review of the process design is in progress and will be combined with assessment of the availability of process plant equipment. The company is targeting process equipment and plant that is available now to set in place rapid development for when the decision to mine is made.
The group claims project economics have become more attractive since 2007 when the feasibility study was completed with the significant improvement in the Australian dollar denominated gold price. Results of these studies will completed in August 2009.
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