Australia Minerals and Mining Group (ASX:AKA) has executed a Joint Venture Agreement with engineering consultants Midas Engineering Group for the advancement of its South West Titanium Project in Western Australia.
Midas will undertake a series of engineering studies to confirm the project’s economic viability which contains a combined JORC resource of 807 million tonnes at 3.7% heavy mineral.
Under the JV, Midas has the right to earn up to 20% interest in the project after completion of a scoping study; and a further 30% interest post completion and verification of a pre-feasibility study.
Midas is a global engineering group that specialises in mineral processing, design and project management for the mining industry.
The studies will focus on processing solutions suited to the deposit’s clay content and behaviour. Dry mining will be explored as an extraction solution as historically, dredge mining was typically employed.
The JV work will aim to assess producing a heavy mineral concentrate for export to an overseas entity that has dry separation plant facilities and product marketing infrastructure.
The project is located just 120 kilometres from the Bunbury port and is bisected by the Brockman Highway, with a direct route to the port of Bunbury via BHP’s purpose-built heavy haulage Sues Road.
AKA's flagship asset is its high purity alumina project near Albany, which will incorporate the company's patented kaolin to alumina process.
