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DEVELOPMENT


Development of the Pooncarie Project

Bemax’s core development program is focused on ensuring that the Company builds on and strengthens its position as a major Titanium feedstock producer while maintaining flexibility in production to enable the Company to meet changes in the market place and satisfy customers demands.

In 2006 Bemax became the largest producer of Leucoxene, the sixth largest producer of Rutile and the seventh largest producer of Zircon globally.

This strategy includes using multi purpose and capacity infrastructure for developments, the use of which can be varied according to requirements. For example, the key dredge and wet plant equipment selected for the Ginkgo Mine can, with minor capital expenditure, be readily modified to operate at rates significantly above those currently required. Similarly, the upgrade undertaken at the Bunbury Mineral Separation Plant enables it to treat an increased variety of feedstock in addition to feedstock from the Pooncarie Project.

Bemax continues to implement and expand a well focused and well funded exploration program to locate and define further deposits focusing on the development synergies that will flow from existing infrastructure, including the Bunbury Mineral Separation Plant and that established for the Pooncarie Project.

In parallel to the core development program, the Company maintains a development program to evaluate value adding opportunities to improve its product line to maximise the dollar value of the feedstock resources.

Projects on the Company’s immediate development horizon are the development of the Snapper Mine to complete the Pooncarie Project, and the expansion of the Broken Hill Mineral Separation Plant. The next phase in the Snapper Mine and MSP expansion development program will be to undertake detailed scoping and design from which the budget and timetable will be set. Construction and commissioning will occur over the 2008/2009 period. Development of the Gwindinup Mine in Western Australia is also underway.  

Snapper Deposit


Broken Hill Mineral Separation Plant


Gwindinup Project