Anax Metals Limited

Pursuing Near Term Revenue Opportunity Producing Construction Materials from Whim Creek Waste Rock

Anax Metals Limited (ASX: ANX) (Anax or the Company) is pleased to advise on the waste rock repurposing initiative. The Whim Creek Copper-Zinc Project, located 100 km southwest of Port Hedland, is jointly held by ANX (80%) and DVP (20%). Anax is focussed on developing a copper mine and processing hub to produce copper concentrates and cathode along with valuable by-products. A definitive feasibility study1 and subsequent leaching study2 detailed an initial 8-year mining project that will deliver in excess of $400M in free cashflows.


  • Anax is pursuing an opportunity to generate near term revenue through the production of road base / aggregates from existing waste rock
  • Working with Castle Civil Pty Ltd, the team is looking to develop a business that will reclaim waste rock and turn it into valuable products
  • A commercial scale trial is underway producing material for blending to road base products
  • Whim Creek is fully permitted for mining and processing activities and the site is ideally located to supply road base and aggregate products to a rapidly developing Pilbara region
  • Aggregate production at Whim Creek will be complementary to the planned regional copper and base metals hub while delivering environmental benefits through the repurposing of waste.
  • The team continues with its primary focus on the growth of the copper business through the development of the processing hub at Whim Creek and consolidation and exploration

Anax’s Managing Director, Geoff Laing commented: “Anax is pleased to be pursuing an early-stage revenue opportunity for Whim Creek, while we advance growth initiatives to establish the project as a production hub for the sustainable development of copper and base metals projects in the Pilbara. This innovative approach to repurposing waste materials underlines our commitment to maximise shareholder value through diversified revenue streams from the project. Since acquiring Whim Creek, the Anax team has committed significant resources to improving the site, including key upgrade works, resulting in revoking the Environmental Protection Notice and securing operating permits for the planned mining operation. Repurposing the existing waste rock dumps is another positive initiative that can potentially deliver economic and environmental benefits for us and the region.”

Figure 1: Location of the Whim Creek Project3,4,5,6

While the Company remains 100% focussed on the Whim Creek Copper project, it is investigating the potential to efficiently produce road base, fill and aggregate materials utilising the readily available mined and stacked waste rock and existing site infrastructure. Whim Creek is an established site that is fully permitted for mining and producing copper concentrates and associated products. Site infrastructure includes process plant, water and power systems, offices, roads, and a camp. Applications have been submitted to the Department of Energy, Mines and Industrial Regulation and Safety (DMIRS) and the Department of Water and Environment Regulations (DWER) for relevant amendments to the existing permits to facilitate the repurposing of existing waste rock. The distribution of potential products will be via the northwest highway, which runs directly past the Whim Creek site. Anax intends to pursue producing repurposed waste products in parallel with its ongoing copper growth strategy and closing out financing for the planned copper project.


Click here for the full ASX Release

This article includes content from Anax Metals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

ANX:AU
Anax Metals Limited

Anax Metals Limited Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Sort by
Anax Metals Limited

Anax Metals Limited


Keep reading...Show less
High copper grades and new soil anomalies at Evelyn

High copper grades and new soil anomalies at Evelyn

Anax Metals Limited (ANX:AU) has announced High copper grades and new soil anomalies at Evelyn

Download the PDF here.

Producing construction materials from Whim Creek waste rock

Producing construction materials from Whim Creek waste rock

Anax Metals Limited (ANX:AU) has announced Producing construction materials from Whim Creek waste rock

Download the PDF here.

Anax Metals Limited

Assay results confirm high-grade intersections at Evelyn

Anax Metals Limited (ANX:AU) has announced Assay results confirm high-grade intersections at Evelyn

Download the PDF here.

Lundin Mining Announces Record Production Results for 2024 and Provides 2025 Guidance

Lundin Mining logo (CNW Group/Lundin Mining Corporation)

TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation (" Lundin Mining" or the "Company") is pleased to announce production results for the year ended December 31, 2024 and provide production guidance for the three-year period of 2025 through 2027, as well as cash cost, capital and exploration expenditure guidance for 2025. Unless otherwise stated, all numbers are presented in US dollars.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Two sets of chess pieces coming together.

Lundin Mining and BHP Close Filo Acquisition, Launch Vicuña Joint Venture

Lundin Mining (TSX:LUN,OTC Pink:LUNMF) and BHP Canada, a subsidiary of BHP (ASX:BHP,NYSE:BHP,LSE:BHP) have finalized their US$4 billion joint acquisition of Filo, launching a 50/50 joint venture dubbed Vicuña.

The partnership consolidates the Filo del Sol and Josemaria projects within Argentina’s Vicuña District, positioning the region as a future hub for copper production at a time when global demand for the metal is set to rise.

Vicuña will operate independently, guided by a board with equal representation from Lundin Mining and BHP.

Keep reading...Show less

Hudbay Celebrates Major Milestone with Millionth Ounce of Gold Recovered from Lalor Mine

Hudbay Minerals Inc. ("Hudbay" or the "Company") ( TSX, NYSE: HBM) is pleased to announce that it has surpassed a total of one million ounces of gold produced at its Lalor Mine in Snow Lake, Manitoba. This milestone reinforces the significant value Hudbay has unlocked by combining its exploration expertise, processing infrastructure and operating efficiency to maximize gold production at its Snow Lake operations.

"We are so pleased with the dedication and hard work of the Manitoba operating team that has led to this outstanding achievement," said Peter Kukielski, President and Chief Executive Officer. "This milestone underscores Lalor's robust performance and is the result of strategic investments, continuous operational improvements and exploration success, along with the team's focus on building a long-term sustainable business. Hudbay's long standing history in Manitoba and significant future exploration initiatives will continue to drive prosperity in the region and generate significant future cash flows for the business."

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Lundin Mining Completes Joint Acquisition of Filo with BHP and 50% Sale of Josemaria to Form Vicuña Corp.

Lundin Mining logo (CNW Group/Lundin Mining Corporation)

TSX: LUN) (Nasdaq Stockholm: LUMI) Lundin Mining Corporation ("Lundin Mining" or the "Company") is pleased to announce the completion of the joint acquisition (the "Filo Acquisition") of Filo Corp. ("Filo") with BHP Investments Canada Inc. ("BHP").

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Hudbay Minerals Opens the Market

Peter Kukielski, President and Chief Executive Officer, Hudbay Minerals, and Eugene Lei, Chief Financial Officer, Hudbay Minerals ("Hudbay" or the "Company") (TSX: HBM), and their team, joined Robert Peterman, Chief Commercial Officer, Toronto Stock Exchange (TSX), to open the market to celebrate the Company's 20th listing anniversary on Toronto Stock Exchange.

Hudbay (TSX: HBM) (NYSE: HBM) is a copper-focused critical minerals company with three long-life mining operations and a world-class pipeline of copper growth projects in tier-one mining jurisdictions of Canada, Peru and the United States. Copper is the primary metal produced by the company, which is complemented by meaningful gold production. Hudbay's mission is to create sustainable value and strong returns by leveraging its core strengths in community relations, focused exploration, mine development and efficient operations. "We care about our people, our communities and our planet. Hudbay provides the metals the world needs. We work sustainably, transform lives and create better futures for communities."

MEDIA CONTACT:

Candace Brule
VP, Investor Relations
Candace.Brule@hudbayminerals.com
(416) 814-4387

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237294

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Anax Metals Limited

Anax Metals Limited Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×