Anax Metals Ltd (ASX: ANX) has announced that it is pursuing an opportunity to generate near term revenue through the production of road base/aggregates from existing waste rock at Whim Creek.
Working with Castle Civil Pty Ltd, the Anax Metals team is looking to develop a business that will reclaim waste rock and turn it into valuable products, and a commercial scale trial is underway producing material for blending to road base products.
Anax’s managing director, Geoff Laing, commented, “Anax is pleased to be pursuing an early-stage revenue opportunity for Whim Creek, while we advance growth initiatives to establish the project as a production hub for the sustainable development of copper and base metals projects in the Pilbara. This innovative approach to repurposing waste materials underlines our commitment to maximize shareholder value through diversified revenue streams from the project.”
Additionally, Whim Creek is fully permitted for mining and processing activities and the site is located to supply road base and aggregate products to a rapidly developing Pilbara region. Aggregate production at Whim Creek will be complementary to the planned regional copper and base metals hub while delivering environmental benefits through the repurposing of waste.
Anax continues with its primary focus on the growth of the copper business through the development of the processing hub at Whim Creek and consolidation and exploration.
“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 us and the region.” Added Mr. Liang.
To find out more, please visit www.anaxmetals.com.au
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