WESTERN AUSTRALIA HEAVY MINERAL SANDS (SER 100%, WESTERN AUSTRALIA)
AMBERGATE HEAVY MINERAL SANDS
SER has completed an internal techno-economic analysis of the Ambergate Heavy Mineral Sands project and has decided to advance the project. This early stage analysis will not satisfy ASX and JORC requirements and thus the results will not be released publicly.
At Ambergate, SER has defined a JORC 2012 Inferred Mineral Resource of 11.2.Mt grading 5.1% Heavy Minerals for a total Heavy Mineral content of 569,000t.
Market conditions for Heavy Mineral Sands continue to improve with strong growth and increasing commodity prices for titanium dioxide feedstocks and zircon driven by global urbanisation. Both are quality of life products with consumption increasing with global consumer affluence. The average Australian consumes more than two kilograms of titanium dioxide pigment per year. The average consumption in China is around half this amount, though this is changing rapidly. In addition to increasing demand, Heavy Mineral Sands has seen a significant inventory depletion in recent years. Existing producers’ mines are mature and grade decline is imminent.
JANGARDUP SOUTH HEAVY MINERAL SANDS
In August 2018, SER lodged Mining Lease application M70/1385 over the Jangardup South heavy mineral sands deposit in southwest Western Australia. The application area lies 4km south of the historic Jangardup deposit which was mined from 1994-2003 by Cable Sands. SER is conducting detailed investigations to consider potential environmental impacts of operations at Jangardup South as the application is near the D’Entrecasteaux National Park.