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Altura Mining Ltd.
Summary
| Project: | Altura | |
|---|---|---|
| Deposit: | Altura | |
| Location: | Australia | |
| Commodities: | Lithium-Iron | |
| Date: | 10/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 9-10-2019: Altura Mining Ltd. announces a Resource Estimation report for its Altura deposit at the Altura project. Updated resource and reserve estimate for project. Altura Mining Limited (ASX: AJM) has revised the Mineral Resource and Ore Reserve Estimat | |
| Resources: | (Reserve, P+P): 37.6Mt @ 1.08% Li2O, 1.31% Fe2O3 | |
| CP/QP: | [Resources]: Stephen Barber (Internal) | |
| ABSTRACT: | Altura Mining Limited (ASX: AJM) has revised the Mineral Resource and Ore Reserve Estimate for its 100%-owned flagship Altura Lithium Project at Pilgangoora in WA’s Pilbara region. Improvements in mining methods implemented during the first 12 months of operations have delivered lower rates of ore dilution than previously modelled and this is represented in the revised estimate of lower tonnes at a higher lithium grade. Altura Managing Director James Brown said the experience gained through the first 12 months of mining had led to significant refinements to the Resource and Reserve estimates. “Following 12 months of mining and model reconciliations we are increasingly confident of the limits of the ore bodies and the characteristics of the ore presented to the process plant. The Altura site team and our mining contractors NRW Holdings have worked together to reduce the mining dilution and increase the feed grade of ore to the plant. It has been a joint effort and credit goes to those involved,” Mr Brown said. “We remain confident that on-going infill drilling and broader exploration efforts will enable us to continue to grow our Resources and Reserves steadily in the years to come.” “We are undertaking exploration programs to increase inventory annually starting with further delineation of targets closest to the current mining operation and then moving to the wider exploration portfolio.” | |
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