Advanced Explorations Re-Scoping Development Plans to Accommodate Annual Production of Up to 20 Million Tonnes

Advanced Explorations (OTC Other: ADEXF; TSX-V: AXI) has decided to expand the scope of its development scenario to support a possible potential start-up of approximately 8 million tonnes per annum (Mpta) with a longer term regional production target of up to 20 Mtpa. In particular core infrastructure would become immediately strained if additional production from Tuktu or the A-B Zone were to occur. A major portion of the technical evaluations have been completed through the ongoing feasibility study (FS) and technical studies completed by XinXing Ductile Iron Pipes Co. Ltd. (XDIP). The proposed re-scoping will include adjustments to the ongoing study to accommodate the targeted higher production rate. It does not necessarily impact the C-Zone initial mine plan with production currently to supply 5 Mtpa. This move should allow the Company to further benefit from lower operating costs through better capital/infrastructure leverage, given the number of development options associated with the Roche Bay and Tuktu projects.

Read More

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: