FinnAust Mining plc LON:FAM, the AIM and FSE listed company with projects in Greenland, Finland and Austria, has told DirectorsTalk that Svašek Hydraulics, a specialist consultant in coastal, harbour and river engineering, has been appointed to conduct a Metocean Study at the Pituffik Titanium Project in Greenland.
The Metocean Study is being undertaken as part of the ongoing dredge mining studies currently being undertaken by IHC Mining B.V, a wholly owned subsidiary of Royal IHC, to define an optimal development solution and a high level cost estimation for mining the marine environment at Pituffik. Therefore Royal IHC will project manage Svašek Hydraulics’ activities, expected to commence in the coming weeks, to ensure that the deliverables meet its requirements. Svašek Hydraulics’ expertise focuses on water dynamics (currents and waves) and sediment transport caused by the water dynamics.
FinnAust CEO Roderick McIllree said, “All of our activities, be it our continuing resource definition programme, our recently completed Environmental Impact Assessment or our metallurgical testwork, are focused on executing on the exciting potential Pituffik demonstrates to deliver a multi-decade operation supplying low impurity Ilmenite to the market. This study by Svašek Hydraulics will provide Royal IHC with important information to support its dredge mining studies and we look forward to working with them to add value to this unique asset in Greenland.”
