19 June 2024
19 June 2024
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The move is part of India's strategy to diversify its critical mineral supply chain and reduce reliance on China.
The technologies are designed to extract metals such as cobalt, tungsten, gold and silver.
The company will now start drilling, geological mapping, and soil and rock sampling to explore the tungsten resources.
The projects are prospective for uranium deposits suitable for in situ recovery (ISR).
The processing plant will operate using a modular gravity separation process and have a capacity of 100 tonnes (t) per day.
Following the transaction, Chesterfield Resource will hold a 5.46% interest in Sterling Metals.
Wood will deliver concept and feasibility studies, detailed design and construction management services.
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