Anax Metals Ltd (ASX: ANX) has provided an update on the waste rock project launched in September 2024.
While the company remains focused on advancing the consolidation strategy and the Whim Creek Copper Project, the Anax team has made significant progress in its project to monetize this readily available, mined, and stacked waste rock at Whim Creek by recycling it into a range of sustainable quarry aggregates and products, utilizing the existing site infrastructure.
The establishment of a mobile processing plant at Whim Creek will provide an opportunity for the company to generate near-term cash flow by transforming waste rock materials into a range of sustainable road base and aggregate products for use in mining, construction and infrastructure projects, while promoting a circular economy and boosting local economic activity. The business of producing aggregates and road base materials from waste rock will be reviewed, following the initial planned 12 months of operation.
Anax’s managing director, Geoff Laing, commented, “The team continues to focus on the potential generation of near term cashflows through this fantastic opportunity to recycle legacy waste. This innovative approach to repurposing waste materials underlines our commitment to maximize shareholder value through diversified revenue streams from the project. Since acquiring Whim Creek, the Anax team has committed significant resources to improving the site, including key upgrade works, resulting in revoking the Environmental Protection Notice and securing operating permits for the planned mining operation. Repurposing the existing waste rock dumps is another positive initiative that can potentially deliver economic and environmental benefits for the company and the region.”
To find out more, please visit www.anaxmetals.com.au
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