WESTERN AREAS NL
WSA - Excellence in Mining and Exploration Presentation - Mr Daniel Lougher, General Manager of Operations
Wed, 17 Sep 2008 05:30PM
Consensus Data
| Broker | EPS (A$) | Sales (A$) | ||
|---|---|---|---|---|
| 2009 | 2010 | 2009 | 2010 | |
| Patersons | 22.1 | 83.7 | 94.3 | 184.6 |
| Wilson HTM | -0.1 | 0 | 84.3 | 156.4 |
| Hartleys | 0 | 0 | 2 | 0 |
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WESTERN AREAS NL (WSA)
ASX code: WSA
Website:
Industry: Materials
Principal Activities:
Mining exploration
Address:
11 Ventnor Ave, Level 1, Suite 3
WEST PERTH
WA
Phone: (08) 9334 7777
Fax: (08) 9486 7866
Executives & Directors
Mr Terry Streeter , Chairman, Non Exec. Director
Mr Julian Hanna , Managing Director
Mr Dan Lougher , Director
Mr David Cooper , Non Exec. Director
Mr Robin Dunbar , Non Exec. Director
Mr Craig Oliver , CFO, Finance Director
Mr Joseph Belladonna , Company Secretary
Company Podcasts
Company ASX Announcements
Company ASX announcements can be viewed on the ASX website.
Announcements from the preceding six months are shown below.
Please refer to the relevant stock exchange if any of the above information is incorrect
WESTERN AREAS NL (WSA) Events
Australia/NSW
WESTERN AREAS NL (WSA)
| Quarterly Activities Report - December Quarter 2008 | Tue, 20 Jan 2009 |
| Letter to Shareholders | Tue, 23 Dec 2008 |
| Change of Director`s Interest Notice | Mon, 22 Dec 2008 |
| Change in substantial holding | Mon, 22 Dec 2008 |
| Drilling Confirms Spotted Quoll Extensions | Thu, 11 Dec 2008 |
| Forrestania Mine and Infrastructure Development Update | Wed, 2 Jul 2008 |
| WSA - Change in substantial holding for SXG | Mon, 30 Jun 2008 |
| Latest Corporate Presentation | Wed, 18 Jun 2008 |
| Successful Share Registrar Changeover | Fri, 6 Jun 2008 |
| Change of Director`s Interest Notice x 3 | Thu, 5 Jun 2008 |
Please note: This company appears on this website as a result of its listing on the Australian Securities Exchange. Boardroom Radio does not claim any association with any company listed on this site.
INTERVIEW WITH JULIAN HANNA, MANAGING DIRECTOR OF WESTERN AREAS NL (WSA)
“Mineral Resource Doubles at Spotted Quoll”
http://www.brr.com.au/event/51329
FRIDAY, SEPTEMBER 5, 2008, 2:45 PM.
BRR Welcome to Boardroom Radio. I am speaking with the managing director of Western Areas, Mr. Julian Hanna. Julian, thanks for joining us today.
10 WSA Good morning James. I’m pleased to be here.
BRR Yeah, the latest release from Western Areas shows that you’ve been able to significantly increase the mineral resources at Spotted Quoll following some extensive drill work you’ve done. Julian, could you just start by telling us what
15 you’re learning about Spotted Quoll?
WSA We’ve set a pretty good run with the drilling there, James, from discovery in October last year. So 10 months ago, we’ve been drilling 24 hours a day, non-stop and we’ve been able to increase enough resources previously in May. The resources have run about 35,000 tonnes containing nickel with an
20 average grade of 6.3% nickel. We sense more than double that with this current round of drilling and we’re up, well over a billion tonnes than average grade of 7.2% nickel. So we defined 75,000 tonnes of nickel, but the key to all of these is that we still only drill it down to 300 meters vertical deep. So this is a long way to go in front of us and all of our drill rigs have not shifted to test
25 below that 300 meters depth and take us in down to the next panel down to 600 meters.
BRR And, Julian, you’ve articulated there that this mineralisation continuing at depth, surges forward some options for Western Areas in terms of the mine
30 design and you’ve talked about open pit but also doing some underground mining, what’s the development here?
WSA The way we’re looking at developing Spotted Quoll is initially with an open-pit mine. We put out our scoping study a while ago and that was for 160-meter deep open pit mine. It would produce around about 8,000 tonnes of nickel a
35 year, commencing mid 2009 and because of the high grade and the fabulous continuity of the mineralisation, the cash cost that has been estimated for production from that open pit are only around about US$1.50 a pound of nickels. So that would make it certainly the lowest cost nickel mine in Australia and we don’t see operations stopping there. We’ve had some
40 significant intersections below the pit as it stands today, Probably, you know, central to that is 18 meters at 10%, 12 at 9%, these are the numbers below the pit. So clearly with the drilling that is a current down to 300 meters deep, we’re already looking at the potential to have an underground mine extending below the pit. What our mining engineers are doing is looking at the potential
45 to concurrently mine or compete and on the ground instead of as most gold mine, for example, do that. They mine the outer pit and then they develop a portal on the bottom of that pit and commence underground mining below the pit. What we’re looking to do here is bring that underground process forward as far forth as we can, so that the potential is for the underground production to overlap the open pit and that could take the production well above the 8,000 tonnes that we’ve envisaged in the first years of mine life here. I think so it clearly below that and what we demonstrated, I think is the potential for extensions to this mine. So even if we look at it today, at that 8000 tonne-a
5 year production rate, potentially, there’s about eight years of mine life in front of where we stand today, just in the resources. Obviously, that needs to go into our reserve and needs to be scheduled into open pit and underground mining production, but the potential I think is for a much bigger operation and longer life and highly profitable mine.
10
BRR Now, Julian, I understand when Western Areas did first come across Spotted Quoll, it came a bit of a surprise to find the deposit so shallow and you now, have three deposits across about 6-km stretch. The Western Nickel belth does extend quite significantly to the south of Spotted Quoll. What are the
15 implications to further exploration for Western Areas and on what you’re doing?
WSA James, the belt we have tied up there is 25-km long. It’s very, very well strongly mineralised. Most historic exploration that actually goes back as far as 40 years was shallow, generally sculpted granite and we now know that
20 the mineralisation that we see in all these deposits is effectively hidden below the flat line sheath of granite. So the discovery of three deposits being Flying Fox which is now in production, New Morning which will be in production in a couple of years’ time and now Spotted Quoll within that central 6-km, belt all related to these granite contacts, suddenly opens up a hole of this 25-km long
25 contact for further discoveries. So what we’ve done is --- Spotted Quoll was a lucky find. It was very close to surface and we’re able to pick it up with EM relatively simply in the first drill hole, 6% nickel from day one. So, you know, we’ve been sport there. So what we’ve done is we’ve extended the EM coverage for 10 kilometres along this contact, southeast Spotted Quoll. We
30 also identified a number of targets there and we just could’ve really commenced testing those EM targets. In addition to that, because nickel sulphides leach relatively easily from surface and EM will only see down to around about 100 meters vertical depth, we’re also targeting a number of these geological structures, but the lava channels that host Spotted Quoll,
35 that host New Morning, that host Flying Fox, we know there are at least three four those southeast Spotted Quoll. So we’re also targeting a drilling on those lava channels looking for mineralisation that may not be as close to surface as Spotted Quoll was. So EM was our first test to find new discoveries as rapidly was we can, but certainly beyond that is a real potential for new
40 channel host deposits of the Spotted Quoll, Flying Fox, New Morning test style. So, plenty of drilling to be done in front of you, James.
BRR Okay, Julian, we will certainly be keeping our eyes on the new flow from
Western Areas as you understand more about this Western nickel belt, and
45 we look forward to further news from you in the future.
WSA Okay. Well, thanks so much James.
INTERVIEW CONCLUDED
Contact brr@brr.com.au for more information
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