Johannesburg, South Africa — MININGREVIEW.COM — 16 April 2009 – Miranda Mineral Holdings Limited (Miranda) – a South African-based mineral exploration, investment and holding company – has made its second significant development announcement this month.
Today the company revealed that an updated independent Competent Person’s Report (CPR) had been completed on its Burnside project in KwaZulu Natal, and that the results of the second phase drilling programme had confirmed a total resource of 35.5 million tonnes, of which 8.9 million tonnes is open-cast.
The announcement added that the updated CPR had incorporated the latest information from the 2008 drilling programme, which consisted of a further 10 in-fill boreholes, as well as recently discovered information pertaining to historical mining activities, old mine layouts and plans on Burnside. The CPR provided specific reference to the technical-economic status of the project.
It said the total resource area for the top seam was 1 175 ha with 37 boreholes covering the area, and 1 243 ha for the bottom seam with 59 boreholes covering the area. All of these boreholes had some raw quality data, and the 2008 holes in the open pit had washability data.
Miranda said that, given the available data, the most probable scenario was to produce an export quality 12%-ash coal with coking properties, and a concomitant 22 Mj/kg local power station coal. There was a good coking coal product in the bottom seam which could be either exported or sent to local steel producers.
CEO Ron Nel commented: “We intend to drill a further 6 percussion boreholes and 4 cored boreholes, enabling us to increase the resource status to ‘Measured’. This will also assist in identifying specific markets for our coal.”
Further analysis on the mining, processing and economic factors by SAMREC-registered specialist consulting mining engineers will now be initiated.
Last week Miranda announced that the mining licence on the group’s Sesikhona Kliprand Colliery (Pty) Limited (Sesikhona) project had been executed with the Department of Minerals and Energy (DME).
“As the group’s first coal mining licence, the execution of this licence means that this project is the first in our coal pipeline in KZN to move into the production phase,” Nel emphasised. “The revised project plan allows for open cast mining to commence within 60 days.”