Tabba Tabba Tantalum Project
The Tabba Tabba Tantalite project is located 75km east of Port Hedland. Tabba Tabba is an advanced, high quality tantalum deposit which may be developed as a boutique, low-cost mining and processing operation capable of supplying up to 10% of global annual tantalum demand.
Pilbara Minerals completed mine and plant construction at Tabba Tabba in late 2015, but suspended operations in December 2015 to undertake an engineering and project review at the site. This engineering review determined that further expenditure would be required to modify the existing processing plant before the commissioning process could be finalised.
This combined with current tantalum market conditions means that the site will be suspended indefinitely.
A further review of the Tabba Tabba Project will be undertaken when tantalum prices strengthen.
West Pilbara Mineral Tenements
The West Pilbara Mineral Tenements comprise seven granted exploration licences located south of the regional centre of Karratha in the West Pilbara region of Western Australia, covering approximately 800 square kilometres.
The project area is considered to be prospective for base metals, platinum group elements and/or gold mineralisation associated with concealed greenstone sequences or layered mafic - ultramafic intrusions.
Since February 2013 these tenements have been farmed out to Fox Resources Ltd (ASX: FXR), which has earned a 55% interest in the tenements to date.