5 MT HIGH PURITY SILICA and 40,000 OZ AU
Gold room and living accommodations
Solar energy will be a big part of our future and this outstanding Waimumu lifestyle block overlooking the Waimumu Stream and Hedgehope in Eastern Southland, will enable it’s owners to invest in that.
World demand for silicon feedstock is increasing in both volume and price. This prime 22ha site contains in excess of 1,000,000 cubic metres of world-class, polysilicon reserves used in the production of solar silicon metal wafers in solar panels. Feedstock of this high purity at up 99.5% is in increasingly high demand worldwide.
BACKGROUND and HISTORY
Located in the south of New Zealand's South Is.
Venture Southland in conjunction with New Zealand Trade & Enterprise is currently investigating opportunities for the refining of high purity Southland Silica in Southland and a feasibility report is due out in 2016.
The site of the Waimumu Sluicing Company in the 1930s, this property is also estimated to produce 60 ounces of gold per month as well as silica aggregate for commercial use.
The geological area is known as the Hedgehope Fault
The property contains in excess of 1,000,000 cubic metres of world-class, polysilicon reserves used in the production of solar silicon metal wafers in solar panels. Feedstock of this high purity at up 99.5% is in increasingly high demand worldwide.
The deposits run through the property and into a neighbouring 33ha property which the vendor holds an option to buy. Total reserves surveyed in the area are estimated to provide 80,000 tonnes per annum for the next 50-years.
The geological area is known as the Hedgehope Fault and the Waimumu portion is reputed to be the coarsest grain size, ideal for smelting.
Living accommodations on site
The property has a modern metal barn which includes a gold processing room as well as living accommodation. There is also a modern processing plant for the silica aggregate on site. A nearby site has also been surveyed and approved for a building platform.
Consents include a New Zealand Mining Permit ( 52577 ) and a Gore District Council Land Use Consent.
OWNER'S BACKGROUNDThe vendor, an honours graduate of the Otago School of Mines, has experience working in mines in Witwatersrand, South Africa. A former Inspector of Mines in New Zealand, he now seeks to retire.
FROM THE OWNERI am a mining engineer with extensive experience in the Otago and Southland mineral
resource industry. We have advanced the resource database: drilling, trenching, pilot
plant bulk sampling, analysis, RMA consenting to a sufficient level to sell down equity
or sell the property along with the resource. The project needs to be managed &
marketed by a younger and better resourced corporate unit with a skill set in the specialist fields of 21st century growth and development techniques.
Source: Tuesday, June 28, 2016. southlandtimes.co.nz
The Waimumu Stream Deposit will by providing the Refinery feedstock and give New Zealand the opportunity to be a leader in clean green renewable solar power. The resource is the only drilled & consented deposit on the Hedgehope Fault. We have the 5,000,000 ton ore reserve required to produce 40,000 tons of polysilicon per annum for 50 years. In addition this deposit has the coarsest stone size obviating the need for pre smelting briquetting. The Waimumu material is also a clean white meaning it will not have to do be acid washed prior to the smelting process.