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Altech Chemicals Ltd.
Summary
| Project: | High Purity Alumina | |
|---|---|---|
| Deposit: | Meckering | |
| Location: | Australia | |
| Commodities: | Kaolinite | |
| Date: | 10/11/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 11-10-2016: Altech Chemicals Ltd. announces a Resource Estimation report for its Meckering deposit at the High Purity Alumina project. Estimation of Initial ore reserve and resource upgraded to 'measured' status. Altech Chemicals Limited (Altech/the Compa | |
| Resources: | (Reserve, P+P): 1.22Mt @ 30.0% Al2O3 | |
| CP/QP: | [Resources]: Sue Border (Geos Mining) | |
| ABSTRACT: | Altech Chemicals Limited (Altech/the Company) (ASX: ATC) is pleased to announce the estimation of a maiden Ore Reserve based on the production of high purity alumina (HPA) using feedstock from its 100%-owned Meckering Kaolin Deposit (M70/1334), Western Australia (Meckering). The Ore Reserve was derived from a Mineral Resources estimation at Meckering, which was delineated for the purpose of HPA production. A maiden Ore Reserve is estimated at 1.2 million tonnes @ 30% Al2O3 (alumina) in the minus 300 micron (µm) kaolin fraction with a cut-off grade of 25% Al2O3. The Ore Reserve at Meckering is more than sufficient to support the proposed HPA processing operation (ore delivery rate of 41,000tpa) for the initial stage 1 mine-life of 30 years. A Mineral Resource estimated 12.7 million tonnes @ 29.5% Al2O3 (alumina) in the minus 300 micron (µm) kaolin fraction with a cut-off grade of 25% Al2O3. The Mineral Resources estimation at Meckering is potentially sufficient to support its proposed HPA production for over 250 years. The Mineral Resources estimate is inclusive of the above Ore Reserve estimate and based on data from the Company’s April 2016 drilling program and subsequent test work results. | |
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