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Property NewsOctober 31, 1994 A US$7 million, two phase, program to advance the 90 million tonne copper deposit to feasiblty completion is to start in early 1995. The Saudi JV partner, Alujain, has completed feasiblity studies for a copper smelter and refinery located at Yanbu, 400 km from the deposit site. October 31, 1994 A US$7 million, two phase, program to advance the 90 million tonne copper deposit to feasiblty completion is to start in early 1995. The Saudi JV partner, Alujain, has completed feasiblity studies for a copper smelter and refinery located at Yanbu, 400 km from the deposit site. February 28, 1994 Initial work on the copper deposit suggests positive feasibility for an operation that would produce about 90,000 tonnes of copper, in concentrate, per year over a 15 year mine life. A $1 million exploration program was planned on the property.
The Saudi government had spent $27 million on the deposit prior to 1993. |
