Resource Development Group Limited (ASX: RDG) is looking to bring Ant Hill and Sunday Hill manganese projects into production as soon as possible after executing an agreement to acquire a 100% interest in the Western Australia assets.
The company has reached an asset sale agreement with Mineral Resources Limited (ASX: MIN) and its wholly‐owned subsidiary, Auvex Resources Pty Ltd covers mining leases M46/237, M46/238 and miscellaneous licence L46/67.
Resource Development Group (RDG) said it will work closely with Mineral Resources Limited (MRL) to finalise a detailed project development plan with respect to taking the mine into production.
RDG’s Chairman, Andrew Ellison said the company intends to construct a processing plant that will involve beneficiation, crushing an screening, as well establishing a mining fleet, onsite accommodation and non‐process infrastructure to support the operating mine.
The manganese ore will be transported using road transport from the mine through to Port Hedland. MRL has committed to provide their expertise and assistance to support RDG to ensure the mine commences production in the most efficient and cost‐effective manner, using their proven experience and capabilities.
However, the Tenements are currently subject to two separate applications for forfeiture by Black Range Mining Pty Ltd. Both applications are being defended by MRL. A date for the hearing of those applications has not yet been set. MRL will incur all costs and expenses associated with the applications for forfeiture.
RDG has confirmed the acquisition will proceed notwithstanding the applications for forfeiture remain on foot.
“The RDG Board are delighted to be working together with MRL on this very exciting project and believe that our combined resources will produce excellent value for all shareholders in the future,” Mr Ellison said.
