Australian minerals sands junior Gunson Resources Ltd will boost its finished product output and lower its cost per tonne of ore for its Coburn zircon project, the company said today.
Gunson has been required to reduce its operating costs and boost its revenue to meet a minimum set by its prospective joint venture POSCO SPV – which is the investment vehicle of South Korean steel producer POSCO and a South Korean investment fund.
“The expanded mining rate under the re-optimised operating plan reduces the mine life by approximately 17%, from 23 years...