Korab operates several development projects in Ukraine and the Northern Territory where it aims to produce gold, phosphate rock and magnesium. Korab also operates several exploration projects with potential for additional gold, base metals, and phosphate rock.
Bobrikovo gold and silver mine (Ukraine)
This 3.3 million ounce gold and 16.3 million ounce silver project is being managed and operated by a team of mining engineers, metallurgists, and geologists with long term experience in bringing to production and running similar projects in Eastern Europe, Russia and Asia. Bobrikovo mine is located in the Donbas region of eastern Ukraine within Nagolny Ridge structure. Nagolny Ridge is part of a large intra-continental Phanerozoic structure that extends from southern Europe east to Central Asia. This structure hosts several world-class gold mining operations including Muruntau, Vysokovoltnoe, and Bakirchic. The tenor and style of mineralisation at Bobrikovo is similar to 170 million ounce gold deposit at Muruntau in Uzbekistan and to 57 million ounce Sukhoi Log deposit in Russia.
Geolsec Phosphate (Northern Territory)
Geolsec phosphate mine is located on a granted mining lease ML27362 just 70 km south from Darwin. The mine is fully permitted and is being developed as a supplier of direct application phosphate rock fertiliser.The Geolsec project is accessible all year round by sealed Batchelor Road. Geolsec is situated in close proximity (10km by sealed road) from Stuart Highway and the transcontinental railway line connecting Darwin with Adelaide (capital of South Australia) and with the national road and rail transport network which links Adelaide with Western Australia, Victoria, New South Wales and Queensland.
Winchester Magnesite (Northern Territory)
Winchester deposit is located next to GeolSec phosphate rock project just 30 minutes drive from suburbs of Darwin. Winchester is one of the highest grade magnesite deposits globally averaging 91% of MgCO3. The project has passed the feasibility study and pilot plant testing stage and is ready to move into development stage. The project has 16.6 million tones of ore.
Batchelor and Green Alligator projects - NT
Batchelor And Green Alligator projects contain several large nickel/polymetallic anomalies within ultramafic unit. This unit extends over 14 km across both projects. These anomalies have been discovered in 2010 and are currently being drill tested. Early results suggest a large, well mineralised system. (Click on the Korab's Rum Jungle Projects diagram on the right).
Ashburton Downs project - WA
Korab has shareholding in private company exploring Ashburton Downs which is an early stage exploration project with focus on copper and gold located south of Paraburdoo in Western Australia.
Korab's Rum Jungle Projects
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Phosphate rock deposit cross section
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Magnesite project at Batchelor 75 km from Darwin