Iluka Resource has officially opened South Australia’s latest mine.
The mineral sands mine was completed six months ahead of schedule as well as $30 million under budget.
The minister for Mineral Resources Development Paul Holloway applauded the miner for the construction of its Jacinth-Ambrosia mine, located approximately 200 kilometres north west of Ceduna.
The mine is capable of producing more than 300,000 tonnes a year of zircon contained in heavy mineral concentrates.
Jacith-Ambrosia has a combined resource of more than 9.5 million tonnes of heavy mineral sands with more than 4 million tonnes of zircon.
“Its significance is that this deposit’s combination of size and high zircon quality makes it the richest known zircon deposit in the world,” South Australian Premier Mike Rann said.
The mine cost $390 million to construct, well under Iluka’s budgeted $420 million.