A technical refresh of the Buena Vista feasibility study has shown that the project could be moved to a 24/7 operating model and could increase its potential output from 450 000 t/y to 800 000 t/y at the same capital outlay. ASX-listed Magnum Mining & Exploration undertook the technical refresh of the Buena Vista iron project, in Nevada, to fine tune the 2011 feasibility study, as well as the recently announced scoping study.
PERTH – A technical refresh of the Buena Vista feasibility study has shown that the project could be moved to a 24/7 operating model and could increase its potential output from 450 000 t/y to 800 000 t/y at the same capital outlay.
While the scoping study aimed at a two-million tonnes a year concentrate production rate, the technical refresh focussed on accessing the highest grade resources with the goal of getting into production as quickly and at the lowest production cost as possible. Meanwhile, the technical refresh stated that Buena Vista could be designed to potentially deliver an iron-ore product of more than 68% iron, based on recent test work.
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