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By Admin On 14 Jun 2014 in Mining and Ores
Jacobs
surmise to be one of the largest and most distinct providers of
technical professional and construction services across globe, bags the contract award for basic engineering contract for Northcliff Resources prospected
30,000 tonne/day Sisson tungsten/ molybdenum project in New Brunswick,
Canada. Northcliff Resources stakes the major operations and ownership
activities of the contract.
The contract states Jacobs will address
engineering services and planning activities for the plant and related
site infrastructure of the proposed mine project, which is supposed to
advance from the cost and initial engineering phase to the detailed
engineering phase in start of 2015.
According to the Terry Hagen – Vice
President, Jacobs Group, they are contented to apply their symbolic
expertise in mine engineering and construction and their active presence
in New Brunswick to assist Northcliff on the Sisson Tungsten/ Moly
project.
In 1979 – 1982, Kidd Creek Mines
initiated the exploration drilling work on the Northcliff’s Sisson
deposit, and following delineation drilling by Geodex Minerals from
2005-2009. The first estimated resource was completed in 2007, and
updated in 2009. Socioeconomic and Baseline environmental data
collection began in 2007. Geodex minerals conducted the preliminary
metallurgical test report, with positive results. Northcliff completed
66 drill holes (11,175 metres) in support of feasibility work, from
2010-2011.
Northcliff released positive results
from the Sisson Project Feasibility Study, comprising: a pre-tax net
current value (NPV) of $714 million at an 8% discount rate, an internal
rate of return (IRR) of 20.4% and a 4.1-year payback on initial capital
expenses of $579 million and a post-tax NPV of $418 million, IRR of
16.3% IRR and payback of 4.5 years, in January 2013.Read complete story at www.tendersontime.com/blog-detail/jacobs-engineering-group-gets-project-contract-canada-30.php
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