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Alkane Resources Ltd.
Summary
| Project: | Dubbo Zirconia | |
|---|---|---|
| Deposit: | Toongi | |
| Location: | Australia | |
| Commodities: | Zircon-Hafnium-Niobium-Tantalum-Yttrium-Rare Earth | |
| Date: | 9/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 19-9-2017: Alkane Resources Ltd. announces a Resource Estimation report for its Toongi deposit at the Dubbo Zirconia project. Updated Mineral resource and reserve estimates. Industry consultants Mining One Pty Ltd were engaged to provide an independent es | |
| Resources: | (Reserve, Total): 18.9Mt @ 1.85%ZrO2, 0.04% HfO2, 0.44%Nb2O5, 0.03% Ta2O5, 0.87% TREO | |
| CP/QP: | [Resources]: Stuart Hutchin (Mining One Pty Ltd.) | |
| ABSTRACT: | Industry consultants Mining One Pty Ltd were engaged to provide an independent estimation of the Mineral Resources and Ore Reserves for the Toongi deposit which is the foundation of the Dubbo Project. The revised estimation took account of the Dubbo Ore Reserve Upgrade (ASX Announcement 16 November 2011); Definitive Feasibility Study (ASX Announcement 11 April 2013); the Front End Engineering Design - FEED (ASX Announcement 27 August 2015); and the Significant Improvements in Capital Cost and Execution Strategy for the DZP – Modular Study (ASX Announcement 28 October 2016) to comply with the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2012). ASM maintains an active product market program which sources global demand and price information from multiple sources. This was used to inform the revenue data for this study. The Toongi Trachyte is an elliptical shaped subvolcanic intrusion or lava flow with approximate dimensions of 850 metres east-west by 550 metres north-south. The deposit forms a low irregular topographic rise and has a depth extent of 115 metres below surface. Petrographically the orebody is dominantly a massive, fine grained microporphyritic trachyte. It contains >80% feldspar, albite and aegirine which are in roughly equal amounts. These minerals occur as scattered randomly orientated to rarely aligned tabular, lath shaped and prismatic mircophenocrysts and glomeroporphyritic clusters as fine grained interlocking aggregates with a trachytic fabric in a very fine grained groundmass. The remainder of the rock is made up of opaque minerals and titanite which occur as scattered discrete interstitial grains and clusters. | |
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