Relentless Resources Limited is a developing Mineral Sands company with projects in the Murray Basin, New South Wales, Australia. Below are some of our key highlights:
- Near term production asset – With an existing JORC Compliant Resource of 39Mt @4.5% HM grade, we are focused on delivering first production from our flagship Copi Project in Q2 2021, with scope to materially increase mine life post listing.
- Excellent geology – Higher grade, coarse grain and low slime configuration underpins a high yield, high margin, low CAPEX, long life operation. Strandline style projects with flat topography, no native title and simple free digging operation with a low strip ratio.
- Exceptional exploration upside – Pursuing a strategic pre-approved drilling program across a large portfolio of 100% owned tenements to grow the existing resource base and substantially increase mine life.
- Tier 1 location – Located in the globally recognised Murray Basin Mineral Sands district in New South Wales, 35km from Silver City Highway and 60km from Tronox’s (formerly Cristal Mining) Snapper & Ginkgo Mineral Sands Mine.
- Exposure to increasing Zircon and Titanium Dioxide prices – The near-term production profile provides excellent leverage to increasing zircon and titanium dioxide prices.
- Low cost commercialisation pathway – Conventional, low cost concentrator plant to be constructed alongside the Copi deposit. HM concentrate will be transported by road trains to Broken Hill rail terminal for transit to Port Adelaide and shipped to customers internationally.
- Clear strategy to deliver shareholder value where we:
- Aim to deliver first production by Q2 2021 at our Copi Project.
- Grow the existing Mineral Resource base to increase mine life through aggressive drilling programs at Copi, Magic, Woolcunda, Budgeree and Springwood.
- Test regional Greenfield targets at Milkengay, Springwood and North Nanya.
The HMS Exploration Licences held by Relentless Resources, are illustrated in the figure below:
- Copi EL8312 (Copi North Deposit)
- Sunshine EL8385
- Huntingfield EL8769
- Magic EL8311 (Magic Deposit)
- Springwood EL8309
- Nunya North EL8308
- Milkengay EL8310
- Budgeree EL8560
- Woolcunda EL8648
- Belmore EL 8865