Gindalbie Metals, our JV partner in Gunson, has announced the results of the drilling at Gunson to the ASX on19th Jan 2018. See belloe for details...

 pdfMt-Gunson-Copper-Cobalt-Project-Update.pdf

“The pace of change in the battery space has moved up a gear with the Cobalt crisis moving into centre stage and focusing minds on supply issues in the battery space, particularly as regards the “blue” metal.” — Christopher Ecclestone, EU Editor – InvestorIntel

Read more here...

https://investorintel.com/sectors/technology-metals/technology-metals-intel/cobalt-crisis-moves-onto-center-stage/

 

Gindalbie Metals Ltd (Gindalbie) is pleased to announce that it has today executed a farm-in and joint venture agreement (Farm-in Agreement) with Terrace Mining Pty Ltd (Terrace), a wholly owned subsidiary of Torrens Mining Ltd (Torrens), to earn up to 75% interest in the Mount Gunson Copper-Cobalt Project, located 135 km north of Port Augusta in South Australia (Project).

May 2016, Australia's Mining Monthly, National.

"Wanted: a bit of a fixer-upper project near to mining with perplexing problem. That is the sort of ad Torrens Mining directors Steve Shedden and Mike Collings could have posted..."

2016MayNews 01

2016MayNews 02

2016MayNews 03

2016MayNews 04

2014-Sep2-The-Australian"A fresh set of eyes has added a much-needed second string to Gunson Resources' bow".

Mike Collings is interviewed by The Australian Newpaper reporter Barry Fitzgerald.

Story published in The Australian, 2nd September 2014.

More Info:
www.theaustralian.com.au/business/opinion/gunson-resources-back-on-the-radar/story-fnciil7d-1227044210314

 

Unlisted entity Torrens Mining Ltd has announced that it has made significant progress in the development of their Mt Gunson Project in South Australia.

Torrens has recently acquired 100% of the Gunson leases from Strandline Resources Ltd, giving exclusive rights to the 20m tonnes of copper cobalt resources and to 852 km² of prospective exploration ground.

Although the shallow sedimentary hosted MG14 and Windabout deposits are well known in the mining industry, previous work by a number of companies had failed to devise a process which will release the value and potential of these significant copper-cobalt deposits.
Torrens, along with its Study Manager, Mining and Process Solutions (MPS), has been working on the project for nearly two years to devise a hydrometallurgical solution to processing the Gunson ores.

MPS’s metallurgists have liaised with Curtin University professor Jaques Eksteen to test the application of glycine, as a lixiviant to the ores, and have subsequently developed a process which has demonstrated the potential to recover 90% of both the copper and cobalt metals.
These results, together with a revamped Mining Study and a Financial Model of the Project are reported in a recently completed Scoping Study, and have given Torrens the confidence to continue into a Feasibility Study.

Glycine is a simple amino acid, and is produced in large amounts worldwide. It is used in agriculture as an additive to animal feeds, in cosmetics and pharmacy, and as an additive in food supplements and protein drinks.

Additional mineral resources are already identified on the extensive lease holding, including extensions to the mined Cattle Grid pit, and the deeper Emmie Bluff deposit, some 30km to the north, which has an indicated resource of some 20mt.

Given the flat morphology of the known deposits, Torrens considers that there is a high chance of finding further sedimentary hosted orebodies on the leases, which will increase the life and value of the Project.

An additional carrot is the possibility of finding an Olympic Dam style orebody in the underlying basement rocks. Several deep drill holes on the leases have shown anomalous copper in these rocks.

The Project covers 824 sq.km of the Olympic Dam Copper Province, Australia’s most productive copper belt, and is centred 100km south of the Australia’s largest underground mine, BHP Billiton’s Olympic Dam copper-gold-uranium mine and 20km west of OZ Minerals’ Carrapateena copper-gold-uranium project.

Torrens Mining director Mike Collings explains as to why Torrens got involved in the Gunson Project, and why he thinks that their approach to ore processing it will allow it to succeed...

pdfMt Gunson Gold & Minerals Gazette 19 Aug 2014.pdf

Torrens Mining completed the Enhanced Scoping Study in March 2016.

The results have encouraged the company to advance into the Pre-feasibilty stage.