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PERTH, Western Australia, Jan. 18, 2013 /CNW/ - Tiger Resources Limited (ASX/TSX:TGS, "Tiger") is pleased to announce
that it has executed a lump-sum turn-key contract (LSTK) with SENET Pty
Ltd (SENET) for the construction of the solvent-extract and
electro-winning (SXEW) plant at the Kipoi Copper Project in the
Democratic Republic of Congo (DRC).
The contract, signed by Tiger's 60%-owned subsidiary and operator of
Kipoi, Societe d'Exploitation de Kipoi s.p.r.l. (SEK), is for the first
phase of Stage 2, a 25,000tpa SXEW plant, and fits within the
definitive feasibility study (DFS) capital cost of $160.9 million.
Tiger Managing Director Mr Brad Marwood said: "We are very pleased to
award the LSTK contract to SENET, who bring a wealth of engineering,
procurement, construction management (EPCM) and SXEW experience in
Africa and specifically within the DRC.
We have selected proven SXEW process technology currently in use in
several other plants in the DRC copperbelt.
"SENET's appointment brings their extensive SXEW commissioning
experience to the Kipoi Project, which should minimise process
technical risk and facilitate the rapid achievement of nameplate
SENET, based in South Africa, was established in 1989 by a group of
qualified engineers and project managers with extensive experience in
mineral processing projects. One of SENET's project highlights is
their involvement with a DRC SXEW plant, where it was awarded the EPCM
contract for the Phase l and Phase ll projects to design, construct and
commission a SXEW plant with a capacity of 200,000tpa of copper cathode
and 23,000tpa of cobalt hydroxide.
The Kipoi Project covers an area of 55 square km and is located 75km
north‐north‐west of the city of Lubumbashi in the Katanga Province of
the DRC. The project contains a 12km sequence of mineralised Roan
sediments that host at least five known deposits: Kipoi Central, Kipoi
North, Kileba, Judeira and Kaminafitwe.
The Company has reported JORC-compliant resources at three of the
deposits: Kipoi Central, Kipoi North and Kileba. The principal deposit
is Kipoi Central, which contains a zone of high grade copper
mineralisation within a much larger, lower grade global resource.
The Company has adopted a staged development approach at the Kipoi
Project. The high grade zone of copper mineralisation at Kipoi Central
is being exploited during the Stage 1 development. During the
three-year operation of Stage 1 900,000tpa of 7% Cu is planned to be
processed through the heavy media separation plant with a recovery rate
of 55%, to produce the equivalent of approximately 35,000tpa of copper.
The Company completed a feasibility study in January 2013 confirming the
economic viability of constructing a SXEW plant (Stage 2), targeted to
come onstream in 2014. Ore from Kipoi Central, Kipoi North and Kileba
will be processed during the Stage 2 phase, and it is envisaged that
ore from other deposits within the Kipoi Project, as well as the nearby
Lupoto Project, will be processed through the Stage 2 phase to extend
the life of mine.
SOURCE: Tiger Resources Limited
For further information:
For further information in respect of the Company's activities, please contact:
Tel: (+61 8) 6188 2000
Chief Financial Officer
Tel: (+61 8) 6188 2000
Tel: (+61 0)420 582 887
Company website: www.tigerresources.com.au