The Urquhart Point HMS project is located 3 km southwest of Weipa. The JV envisages a simple dry mining (<3m depth) and wet processing operation using standard gravity (spiral concentrators) HMS separation to produce a zircon–rutile heavy mineral concentrate (HMC).
The modularized HMS processing plant purpose built for the project in South Africa arrived in Australia in December 2015 and is currently stored near Brisbane. Given the continuing low heavy mineral sands prices, the JV has deferred construction of the processing plant to focus on the higher value bauxite project.
Following several approaches from third parties, the JV is progressing several HMS options that may deliver value to this asset within the JV.
The HMS development plan can be implemented very quickly to deliver production if there is an improvement in commodity prices