Chandler Project DFS Stage One Proceeds
Media Release
Key points:
- Tellus proceeds with definitive feasibility study (DFS) – stage one
Tellus is pleased to announce that it will proceed with a definitive feasibility study for the Chandler salt mine project in two stages.
This follows the completion of a successful prefeasibility study and capital raising.
| Stage | Main works |
|---|---|
| Stage one mine planning | 3 cored salt wells, FEL 2 engineering, resource statement, conceptual mine design update, GO/NO GO decision step |
| Stage two mine planning | Additional cored salt wells and decline wells, 3D seismic, FEL 3 engineering, resource and reserve statement, detailed mine design, final investment decision |
“Based on the $6.5m of existing exploration, new core sample analysis, detailed prefeasibility study that concluded that the project is technically and commercially viable and successful marketing. Tellus is pleased to be progressing to the definitive feasibility study stage one,” says Tellus Managing Director Duncan van der Merwe.
About Tellus Holdings
Tellus Holdings Ltd (“Tellus”) is an Australian exploration company with an attractive portfolio of rock salt deposits. Tellus is planning an underground rock salt mine in the Northern Territory. Tellus is the parent of a group of companies that plans to be involved in mine building, processing and sale of industrial and edible salts, fertilisers. Potential complementary businesses include storage in voids created by mining.
For further information on Tellus:
Visit: www.tellusholdings.com.au
Duncan van der Merwe, Managing Director Tel: +61 (0)2 9241-7678
Jane Munday, Michels Warren Munday on Mob: +61 (0)427 880 083
