Celamin Holdings - Positive scoping study results
Oct 30th 2012 - Edison Investment Research today published a report on Celamin Holdings entitled "Positive Scoping Study Results". In summary, the report says:
Celamin Holdings NL has reported positive results from the scoping study performed on the Chaketma project in Tunisia. The technical and economic assessments formed in the study provide the company with a sound platform from which to progress the project. The scoping study showed that preliminary environmental and social studies revealed no ‘fatal flaws’ and that a strong opportunity existed to reduce capital and operating costs. A maiden JORC resource at Chaketma is expected to be delineated in November with a definitive feasibility study (DFS) to commence thereafter. Management’s aim is to delineate an initial 25-30Mt phosphate resource, which would be sufficient for an initial 10 years of production.
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