Tschudi Copper Project - Weatherly International PLC
Tschudi Copper Project - Weatherly International PLC
Tschudi Copper Project - Weatherly International PLC
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WEATHERLY INTERNATIONAL <strong>PLC</strong><br />
<strong>Tschudi</strong> <strong>Copper</strong> <strong>Project</strong><br />
An Open Pit, Heap Leach, Solvent Extraction, Electrowinning <strong>Copper</strong> <strong>Project</strong> in Namibia<br />
The Key Data<br />
Resources 50.1mt @ 0.86 Cu (0.3% cut off) (JORC)<br />
Open Pit reserve 22.7mt @ 0.95 Cu (0.3% cut off) (JORC)<br />
Mine Life 11 years<br />
Recovered <strong>Copper</strong> 183,300t<br />
<strong>Copper</strong> Recovery 85%<br />
Plant Design Capacity 17,000 tpa copper cathode<br />
Acid Consumption < 12 kg / tonne ore (ave. LOM)<br />
Mining Strip Ratio 7.45 : 1 (ave. LOM)<br />
Other Information<br />
• The project is located on a granted mining license (ML125)<br />
• The project has an existing environmental clearance certificate<br />
• Easy access to site by rail and road for delivering equipment<br />
and supplies<br />
• An array of light industrial services are available in Tsumeb<br />
only 25kms away<br />
• Tsumeb smelter is constructing an acid plant which is due for<br />
commissioning at a similar time to <strong>Tschudi</strong><br />
• Sufficient process water is available through local aquifers<br />
• Flat surface terrain makes the construction of site<br />
infrastructure easier<br />
• Grid power available on site<br />
Potential Upside<br />
• The planned mine sits on only a small section of the<br />
<strong>Tschudi</strong> syncline<br />
• The ore body is open along strike and at depth<br />
• Further exploration is planned in 2013<br />
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Proposed Mining & Processing Operations<br />
Geology<br />
The <strong>Tschudi</strong> ore body is a mix of oxide, transitional and sulphide<br />
minerals hosted in sandstone. The predominant copper bearing<br />
minerals are malachite, azurite, chalcocite and bornite. Each of<br />
these minerals is amenable to acid leaching.<br />
Mining & Processing<br />
<strong>Tschudi</strong> will be an open pit mine operated by a contract miner.<br />
Mining and processing will operate on a 24hr per day, 365 days<br />
per year.<br />
Processing of the ore consists of crushing, agglomeration, stacking,<br />
heap leaching, solvent extraction and electrowinning to produce<br />
copper cathode.<br />
Crushing<br />
Ore from the <strong>Tschudi</strong> pit will be put through a three stage closed<br />
circuit crushing plant which will reduce the oxide ore to P80
99.99% pure pur pure<br />
high grade gr grade<br />
copper cathode hode<br />
ELECTROWINNING (EW) ) )<br />
Tshudi project and the town<br />
of Tsumeb<br />
spent spent spent<br />
electr electrolyte olyte<br />
yte<br />
Recovery R Recovery ery of C <strong>Copper</strong> opper by b y Heap leach, leac h, SX-EW<br />
copper copper loaded<br />
loaded<br />
organic org ganic<br />
leach h pad<br />
SOLVENT EXTRACTION E (SX) X)<br />
STRIP STAGE ST TTA<br />
AGE<br />
EXTRACT<br />
STAGE STTA<br />
A GE<br />
mixer<br />
feed edd<br />
strong ong copper electrolyte electr electrolyyte<br />
acid drippers dripper ipper s<br />
HEAP LEACHING<br />
str stripped ipped or organic ganic<br />
copper rich solution<br />
Tshudi site plan
Namibia the Country<br />
Background<br />
Namibia has a stable multi-party democracy with a history of free<br />
elections since independence. The Namibian constitution and its<br />
political leaders promote and encourage inward foreign investment.<br />
The country has a well established mining act, a good and fair legal<br />
system and a friendly tax regime. Mining is the biggest contributor<br />
to Namibia's economy in terms of revenue and is a valued industry<br />
by the Namibian government and people. The Fraser Institute<br />
Survey 2011/12 placed Namibia 6th amongst African nations when<br />
ranking jurisdictions on the attractiveness of their mining policies.<br />
<strong>Weatherly</strong> <strong>International</strong> has been operating in Namibia since 2006<br />
and has good relationships within the Namibian government, its<br />
agencies and other stake holders in Namibia.<br />
The <strong>Tschudi</strong> <strong>Project</strong> will offer many benefits to Namibia and<br />
Namibians, namely the:<br />
• Creation of more than 500 jobs directly in the<br />
<strong>Tschudi</strong> operations<br />
• Creation of thousands of jobs indirectly.<br />
• Revenue generation for the Republic of Namibia through<br />
taxation and royalties<br />
• Value addition to pure refined final-product copper for<br />
the first time in the country<br />
• Transfer of important skills to Namibians<br />
• Equity participation for Namibian partners including<br />
Republic of Namibia, Government Insurance Pension Fund<br />
and Labour Investment Holdings<br />
<strong>Weatherly</strong> <strong>International</strong> plc – Board of Directors<br />
John Bryant non-executive chairman<br />
Rod Webster chief executive officer<br />
Alan Stephens non-executive director<br />
Wolf Martinick non-executive director<br />
Max Herbert company secretary<br />
<strong>Weatherly</strong> Mining Namibia – Board of Directors<br />
Rod Webster chair man (London)<br />
Kevin Ellis chief financial officer (London)<br />
Craig Thomas managing director (Namibia)<br />
Andrew Thomson technical director (Namibia)<br />
Cleophas Mutjavikua non-executive director<br />
Titus Haimbili non-executive director<br />
Frans Ndoroma non-executive director<br />
Corporate Information<br />
<strong>Weatherly</strong> <strong>International</strong> plc is a public limited company quoted<br />
on the London Stock Exchange (AIM) under the ticker WTI.<br />
The total number of shares in issue is 536 million.<br />
<strong>Weatherly</strong> <strong>International</strong> <strong>PLC</strong> 180 Piccadilly, London W1J 9HF<br />
+44 (0)207 917 2989 F +44 (0)207 439 0262 info@weatherlyplc.com<br />
Management Team<br />
<strong>Weatherly</strong> has a highly capable and experienced team of Directors and<br />
senior operational management.<br />
Rod Webster<br />
Chief Executive Officer<br />
Craig Thomas<br />
Chief Operating Officer<br />
Mr Webster is a graduate mining engineer<br />
from the University of Sydney. He has over<br />
35 years experience in the resources industry,<br />
including more than 15 years in managing<br />
director or chief executive positions.<br />
Mr Thomas is an Australian mining engineer<br />
with over 20 years of diverse operational<br />
experience. He was previously General<br />
Manager of Lihir Gold’s Ballarat mine, and<br />
has also played key leadership roles in the<br />
development and production start-up<br />
of open pit and underground mines in<br />
several countries.<br />
London Office: 180 Piccadilly, London W1J 9HF<br />
Namibian Office: P.O. Box 40791, Ausspannplatz,<br />
Windhoek, Namibia<br />
Nomad: Collins Stewart, 88 Wood Street,<br />
London EC2V 7QR<br />
Registrars: Capita Registrars, The Registry,<br />
34 Beckenham Road, Beckenham, Kent BR3 4TU<br />
Investor Relations: Dean Friday<br />
+44 (0)20 7917 2989<br />
dean.friday@weatherlyplc.com<br />
www.weatherlyplc.com