Heron Purchases Long Lead Items for the Woodlawn Project
Sydney, Australia, Aug.14, 2017(GLOBE NEWSWIRE) -- Heron Resources Limited (ASX:HRR TSX:HER, "Heron" or the "Company") is pleased to advise that it has placed initial orders for a number of items of equipment that are on the project critical path for the development of the Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, Australia.
- First project orders have been placed for long lead, critical path equipment at Woodlawn
- Equipment orders include:
- IsaMill M10000 fine grinding mill
- Outotec floatation cells
- Outotec thickeners
- Orders have been placed under the EPC contract with Sedgman and are expected to have a positive impact on the project delivery schedule
The procurement of this equipment follows an analysis of the development schedule aimed at identifying the long lead items sitting on the critical path to first production. The items are integral to the processing facility and include:
- IsaMill M10000 fine grinding mill (value USD4.4M)
- Outotec floatation cells (value AUD4.9M)
- Outotec thickeners (value AUD1.2M)
The placement of the orders is expected to have a positive impact on the overall schedule and have been placed under the EPC contract with Sedgman.
Commenting on this development, Heron's Managing Director, Mr Wayne Taylor said "The placement of orders for long lead items will ensure that after securing project finance we are able to optimise the development schedule for Woodlawn. We expect construction will commence immediately after our project financing is completed at the end of this month".
To view Figure 1: 3D view of the Woodlawn process plant, please click on the link
http://www.heronresources.com/tsximages/20170814/170814_Fig 1.jpg
The process treatment facility will be delivered in stages that aligns with mine development at Woodlawn. The processing facility will have a rated throughput capacity of 1.5 Mtpa when treating the reclaimed tailings ore and 1.0Mtpa when treating underground ore. The facility will commence with the tailings reprocessing and will switch over to underground processing when ore is available. Three separate base metal concentrates will be produced, namely, zinc, copper and lead with precious metal credits in the copper and lead concentrates.
About Heron Resources Limited:
Heron's primary focus is the development of its 100% owned, high grade Woodlawn Zinc-Copper Project located 250km southwest of Sydney, New South Wales, Australia.
Following the release of the Woodlawn Feasibility Study in 2016, the Company announced on 30 June 2017 that it had secured an A$240 million financing package for the development of the project1.
1 Transaction is subject to various conditions precedent including Heron shareholder approval. Refer to Heron's market release of 30 June 2017 'Heron Secures Complete A$240 Million Funding Package for Development of its Woodlawn Zinc-Copper Project'
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For further information, please visit www.heronresources.com.au or contact: Australia: Mr Wayne Taylor Managing Director and Chief Executive Officer Tel: +61 2 9119 8111 or +61 8 6500 9200 Email: heron@heronresources.com.au Jon Snowball FTI Consulting +61 2 8298 6100 jon.snowball@fticonsulting.com Canada: Tel: +1 647-862-1157 (Toronto)