Metalicity commences PFS on Admiral Bay Zinc Project, considers introducing JV partner

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Image credit: www.metalicity.com.au

Metalicity Limited announced that it has commenced the Pre-Feasibility Study (PFS) on the Admiral Bay Zinc Project in Western Australia.

Image credit: www.metalicity.com.au
Image credit: www.metalicity.com.au

The PFS will focus on the refinement of the preferred PFS pathway, including more detailed evaluation of lower cost development, mining and infrastructure options.

“Development and mining include low-cost, continuous mining methods including longwall mining, aimed at delivering greater production volumes, in a low cost, safer and automated environment,” Metalicity told the ASX.

The company has produced a fly-through on the project which details the potential of automated mining method being applied to the deposit.

Metalicity also announced that it is reviewing the option to introduce a JV partner at is Admiral Bay Project, located in the Canning Basin, WA.

“In parallel to the PFS, Metalicity is undertaking a process to consider introducing  Joint Venture partner at Admiral Bay to participate in the PFS process and allow acceleration of the development timeline,” reads the announcement.

“Discussions are advancing with a wide range of industry participants in this regard.”