- Golden Deep (GED) is hoping a mining study at its Abenab Vanadium-Lead-Zinc project in Namibia will assess the economic viability of the potential prospect
- The scope of work is set to cover a valuation of the open pit and underground mining options and provide GED with an estimate of mining costs
- The prospect touts historical ore production of roughly 1.8 million tonnes at 1.05 per cent vanadium pentoxide
- Depending on the outcome of the study, the company has flagged potential drilling to increase the existing resource
- Golden Deeps shares are in the grey, trading at 1.1 cents
Golden Deep (GED) is hoping a new mining study at its Abenab Vanadium-Lead-Zinc Project in Namibia will assess the economic viability of the potential prospect.
The mining study will be conducted by Bara Consulting and include a valuation of the open pit and underground mining options and an estimate of mining costs.
The Abenab Mine was a major open pit and underground vanadium and base metal mining operation up until 1958 and produced roughly 1.8 million tonnes at 1.05 per cent vanadium pentoxide.
Golden Deeps is looking to push the prospect back into production, completing the study alongside metallurgical and processing testwork in a bid to secure
a feasibility study and eventual production.
The explorer says previous metallurgical testing on low-grade surface Abenab ore showed the ore can be easily and cheaply concentrated to produce a grade of 8.9 per cent vanadium pentoxide, 30.5 per cent lead and 8.95 per cent zinc.
Upon completion of the study, the company will prioritise and schedule additional work aimed at developing the project further and has flagged the potential for drilling to increase the existing resource.
Golden Deeps shares are in the grey, trading at 1.1 cents at 2:57 pm AEDT.