About the project
The Glenaladale deposit was discovered in 2004 by Rio Tinto and regarded as a major discovery due to its extremely high zircon grade.
Kalbar Resources acquired the project in 2013. It has conducted extensive drilling and applied advanced analysis methods to delineate a new high value ore body within the Glenaladale deposit called The Marker, which underpins the economics of the Fingerboards Mine. Multiple metallurgical programs have shown the successful production and marketability of the mineral sands products.
In 2017, Kalbar completed a Pre-Feasibility Study that showed the mine will be one of the most significant supplies of zircon and rare earths in the world. These minerals are in high demand as they are essential for the high-tech and renewable energy industries of the twenty-first century.
Currently, Kalbar is undertaking the Bankable Feasibility Study, the final technical and economic study required before an investment decision is made. Kalbar is also currently undertaking the Environmental Effects Statement, which is the key approval required in Victoria.
The Fingerboards Mineral Sands Mine is located in the eastern part of the Glenaladale deposit. The Glenaladale Resource currently stands at 2.7Bt of ore, making it one of the largest deposits in the world.
Fingerboards Mineral Sands Project
The Fingerboards Mineral Sands Mine is located in the eastern part of the Glenaladale deposit. The deposit occurs within unconsolidated sediments and contains highly sought after zircon, rutile, ilmenite and rare-earth minerals. These minerals are denser than sand and clay particles and can be efficiently concentrated using physical separation processes to form a valuable export for Australia.