The construction, commissioning and operation of the small-scale bulk sampling pilot plant represents stage one of Mayur's joint venture with China Titanium Resources Holdings.
The pilot plant will produce up to 100,000t of iron ore sands per annum to provide commercial scale test shipments of product to potential off takers.
Processing for the pilot phase will involve simple near surface sand extraction and mineral separation via low intensity magnets.
The purchased equipment includes:
- Process plant equipment including low intensity magnetic separators; and
- Mobile plant including haul trucks, an excavator and a wheel loader.
The equipment is being delivered to CTRH's facility in China ahead of shipment to PNG.
Fabrication of the steelwork for the project has started in China and Mayur is due to undertake acceptance inspections in February.
CTRH plans to invest up to $25 million for a 49% stake in the Orokolo project.
Mayur is also working to convert existing letters of intent into binding long-term offtake agreements for the planned full-scale plant, which will make up stage two of the JV.
