(Bushveld Minerals) is an AIM-listed company exploring and developing iron ore and tin projects on the Bushveld Complex in South Africa. The company targets projects with potential for scale and favourable cost-curve positioning in well-understood geographies.
The vision is to open a new frontier in iron ore mining and processing based on the Bushveld
Complex in South Africa. The company’s flagship is the Bushveld Iron Ore Project which has a
JORC-compliant titanomagnetite resource of 740 million tonnes and the potential to grow it to
more than 1 billion tonnes.
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Comprises two licenses covering 7,409 ha where a JORC compliant open-castable resource of
770 million tonnes (comprising 400 million tonnes Indicated and a further 370 million tonnes
Inferred) has been established from a 4.5 km strike length...
The Mokopane Tin Project consists of one licence covering 13,422 ha where numerous targets
for open-castable disseminated tin resources have been identified. The Company has explored
and drilled one target (Groenfontein) and has short-term plans to explore a further four targets...
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Bushveld Minerals (LON:BMN) recently closed its takeover bid for Lemur Resources (ASX:LMR) shares that it launched on 13 May 2013. Following the closing of the bid, Bushveld has acquired a relevant interest of 54.39% of Lemur's issued share capital.
Click here to download the Announcement of the Closing of the Bid
Click here to download the Replacement Bidder's Statement as lodged by Bushveld Minerals with the Australian Securities Investment Commission ("ASIC")
Click here to download the the Fourth Supplemenatry Bidder's Statement
Click here to download the Circular of the Bushveld Minerals General Meeting
Scoping Study, April 2013
Bushveld Minerals Limited (AIM: BMN is pleased to present a summary of the Scoping Study for the initial development phase on its Bushveld Iron Ore Project.
The initial development phase of the project has been designed for a low capex requirement and a short timeframe to production and cashflows while leveraging existing infrastructure.Highlights
- Scoping study undertaken on the P-Q Zone only equating to 12% of the total JORC resource (JORC-compliant 718 Mt resource)
- Key Numbers:
- 5 Mtpa ROM, producing 2.2Mtpa concentrate product
- Low capex at US$126 million
- NPV of US$140 million at 12.5% discount rate
- 34.2% IRR (real)
- Payback: 2 years from start of mining
Tin mining is poised to be resuscitated in South Africa 25 years after the tin price collapsed and forced South Africa’s once resplendent Zaaiplaats and Rooiberg tin flagships to close. [ more ]
Multicommodity-focused projects embracing iron-ore, vanadium, titanium and phosphate are rolling out on the rich northern limb of South Africa’s Bushveld Complex... [ more ]
A highly sensitive magnetic material that could transform computer hard drives and energy storage devices has been discovered... [ more ]
Tin continues to emerge as a technology metal — and as a stable one. First, the recovery in the semiconductor sector is conducive to tin demand... [ more ]
Research from a team led by North Carolina State Univ. is opening the door to smarter sensors by integrating the smart material vanadium dioxide (VO2)... [ more ]