1. Geological mapping. Identify and outline the deposit at surface.
2. Geophysical surveying. Delineate the deposit's size and structure at depth.
3. Sample assaying. Conduct assays to define mineralogy, composition and metallic associations of the deposit samples.
4. Diamond drilling. Further delineate the deposit at depth to verify its size, shape, structure and mineralogy.
5. NI 43-101 estimates. Use information from the foregoing steps to produce NI 43-101-approved mineral resource estimates.
6. Conceptual flowsheet. Create a flowsheet that describes the most effective metallurgical process for treating the ore minerals.
7. Scoping study. Make a preliminary assessment of the project's economic viability using information from the foregoing steps.
8. Bench-scale testing. Test and confirm the metallurgical process at the scale of a laboratory 'bench' using small ore samples.
9. Pilot study. Confirm and refine the flowsheet and metallurgical process using larger ore samples to simulate a full-size mill.
10. Feasibility study. Confirm the economic viability of mine production under current market conditions, given the pilot study results and NI 43-101 mineral resource estimates.
Adex has already reached many of these milestones (see
The sequence of milestones reflects our low-risk, staged approach to mine development. First we bring the Fire Tower Zone (FTZ) into production, focusing on the tungsten and molybdenum markets. Then we use metal revenues from the Fire Tower Zone to start up the North Zone (NZ), which enables us to produce tin, zinc and indium.
|
Milestone |
FTZ |
NZ |
Date |
Details |
|
Geological mapping and geophysical surveying |
Before 2008 |
Conducted by previous mine owners | ||
|
Sample assaying |
1950s to present |
Conducted by Adex and previous mine owners | ||
|
Diamond drilling |
2008 |
Adex drilled a total of 13,300 m (previous owners drilled a total of 158,761 m since 1950s) | ||
|
NI-43-101 mineral resource estimates |
2008 |
Click here for report | ||
|
2009 |
Click here for report | |||
|
Scoping study |
2008 |
Click here for report summary | ||
|
|
2010 |
Click here for report | ||
|
Bench-scale work |
|
2008 |
Tested tungsten gravity process | |
|
2008 |
Tested tin gravity process | |||
|
2009 |
Tested flotation process on raw ore to produce zinc–indium concentrate and tin concentrate | |||
|
2009 |
Tested hydromet process on zinc concentrate to extract zinc metal and indium sponge | |||
|
Pending |
Test smelting process on tin concentrate to produce tin metal | |||
|
Pilot study |
|
2010 and early 2011 |
Confirmed flotation process for producing zinc–indium concentrate and tin concentrate | |
|
|
Confirm hydromet process for producing zinc metal and indium sponge | |||
|
Diamond drilling FTZ |
|
Conduct confirmation drilling to upgrade mineral resource from inferred to indicated | ||
|
Metallurgical feasibility testing |
Q3 2012 |
Produce definitive feasibility study | ||
|
Production decision and start-up |
2013 - 2015 |
Includes design and construction |
