NEW BRUNSWICK – The province of New Brunswick has reviewed and approved the environmental impact assessment submitted by Northcliff Resources
of Fredericton, NB, for its Sisson tungsten-molybdenum project 60 km northwest of Fredericton. The review determined that the project can be built and operated in an environmentally sound manner.
Two years ago the company released the results of a positive feasibility study based on proven and probable reserves of 334.4 million tonnes grading 0.066% WO3
and 0.021% Mo. The pre-tax net present value was estimated at $714 million (8% discount) and the internal rate of return at 20.4%. Preproduction capital expenditures would be $579 million to develop a 30,000-t/d open pit, mill and ammonium paratungstate (APT) plant. Annual production would be 557,000 tonnes APT and 4.1 million lb of moly over a life of 27 years.
An aerial drawing of the proposed plant site is available at NorthcliffResources.com
We need this ,glad to see this approved
Which is the EPCM firm on this project?
Canadian Mining Journal
June 4, 2014 Fredericton, New Brunswick – Northcliff Resources Ltd. (“Northcliff” or the “Company”) (TSX: NCF) is pleased to announce that Sisson Mines Ltd., as general partner of the Sisson Project Limited Partnership (the “Limited Partnership”) has awarded Jacobs Minerals Canada Inc. (“Jacobs”) the Value and Basic Engineering contract for the Sisson Tungsten-Molybdenum Project located in central New Brunswick, Canada. Under the terms of the contract, Jacobs will further define the engineering plans for the Sisson Project plant site and associated infrastructure in order to refine capital expenditure and operating costs of the proposed mine.
The Value and Basic Engineering contract with Jacobs includes requesting bids for long lead time mineral processing equipment. In addition, Jacobs will solicit indicative pricing from New Brunswick vendors, suppliers and contractors for certain services and equipment that are locally available. To support this work, Jacobs and Northcliff expect to hold a Contractor Information Session in Fredericton before the end of 2014.
Northcliff’s website: http://www.northcliffresources.com.
President & CEO
For more information:
Greg Davidson, Community Relations Manager
506-455-0530 | [email protected]
Dan Gibbons, Investor Relations