Sierra Rutile (ASX: SRX) is a multi-mine mineral sands operation straddling the Bonthe and Moyamba districts in southern Sierra Leone with over 2,200 employees, representing one of the largest private employers in Sierra Leone.
Sierra Rutile’s current mining and mineral processing operations at Area 1 include four wet concentrator plants (WCPs); a mineral separation plant (MSP) and associated infrastructure; residential camps for senior and management staff; and a dedicated port facility (collectively referred to as Area 1). Sierra Rutile also holds one of the world’s largest known natural rutile deposits, the Sembehun Project.
Sierra Rutile has an established operating history over more than 50 years and, if the Sembehun Project proceeds, a future mine life of over 13 years post completion of steady state operations at Area 1 based on the recent Sembehun PFS.
The Sembehun deposit, located approximately 30 kilometres from the current Area 1 operations, is one of the largest and highest quality known rutile deposits in the world, presenting an attractive development opportunity, long mine life and additional exploration potential underpinned by strong medium to long term titanium feedstock fundamentals.