The Koumbia Bauxite Project is located in the Gaoaul Prefecture in the north west of Guinea in West Africa, approximately 220km north of the capital Conakry, in one of the world’s premier bauxite producing regions.
The Koumbia Project provides the Company with the opportunity to realise the value of the World Class Koumbia Mineral Resource, a highly attractive resource given:
- It is one of the world’s largest undeveloped, high grade and direct shipping bauxite deposits held outside of the existing major industry players;
- It has a high in-situ value (based on its high available Alumina content, low reactive silica and high VIU for existing refineries) compared with other bauxite projects globally;
- The Feasibility and Engineering Study proposes simple, accepted and common approaches with respect to mining and logistics (both within Guinea and within the broader mining industry);
- It is one of the very few global bauxite projects that has received all material regulatory and environmental approvals enabling a fast pathway to development.
The Company considers it has undertaken sufficient exploration and study activities to justify the technical and commercial merit of the project, and the attractiveness of the product quality has underpinned the Company’s assessment of the economic and commercial viability of the project.
The development plan for the project comprises:
- Establishment of a 5.5Mwtpa mining operation using surface miners;
- Construction of a 108km dedicated haul road, and the utilization of high capacity trucks to transport bauxite to port;
- Construction of a port on the river Rio Nuñez loading into barges; and
- Trans-shipping operations loading Cape Class Vessels for export to world markets.
The proposed development is supported by a high-grade Ore Reserve of 253Mt at 48 Al2O3 drawn from Mineral Resources of 2.1Bt at 43.5 Al2O3. With a large endowment of Mineral Resources to draw from, the reserve is expected to increase significantly upon completion of additional in-fill drilling.