Agata DSO Project Starts Shipping
TVI anticipates that future shipments of 55,000 wmt each will continue at intervals of three to four weeks, with shipping rates expected to accelerate to 2.5 million wmt/y in 2015.
The Agata DSO project is located in Agusan del Norte province in the Surigao mining region of Mindanao. The region is a major lateritic nickel producing region, providing ore to processing plants in Australia, China, Korea and Japan. The Agata project is expected to benefit from its deep protected seaport, year-round shipping, and proximity to main markets in Asia.
The Agata DSO project has NI 43- 101-compliant proven and probable reserves of 9.70 million wmt at a grade of 48% and 0.9% nickel.