For thousands of other reports visit RSC's Mineral Intellingence Map
Altura Mining Ltd.
Summary
| Project: | Pilgangoora | |
|---|---|---|
| Deposit: | Pilgangoora | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 10/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 24-10-2017: Altura Mining Ltd. announces a Resource Estimation report for its Pilgangoora deposit at the Pilgangoora project. Mineral resource and ore reserve update with almost 25% now Proven. Altura Mining Limited (ASX: AJM) is pleased to report a subst | |
| Resources: | (Reserve, P+P): 34.2Mt @ 1.04% Li2O, 2.16% Fe2O3 for 357Kt Li2O contained at project | |
| CP/QP: | [Resources]: Stephen Barber (Internal) | |
| ABSTRACT: | Altura Mining Limited (ASX: AJM) is pleased to report a substantial lift in confidence for the commissioning of the 100% owned Pilgangoora Lithium Project early next year following increases to the Project’s Mineral Resource and Ore Reserve estimates. The improved numbers, which include a significant portion in the Proved and Measured categories, enhances the Company’s knowledge of the orebody and significantly reduces the risks commonly associated with grade control for start-up projects. The increase relates to infill and confirmatory drilling and sampling data following the completion of a closely spaced infill drill program conducted from May to July 2017. Pilgangoora Lithium has a revised Mineral Resource estimate of 44 million tonnes at 1.00% Li2O and 441,000 tonnes of contained Li2O representing an increase to the previous estimate of 40.3 million tonnes at 1.04% Li2O (see ASX Release 30 January 2017). This upgrade now includes 8.5 million tonnes in the Measured Category and 35.5 million tonnes in the Indicated category. The revised Ore Reserve estimate of 34.2 million tonnes at 1.04% Li2O and 357,000 tonnes of contained Li2O represents an increase of 3.7 million tonnes over the previous ore reserve estimate (see ASX Release 30 January 2017). It includes 8.1 million tonnes in the Proved category and 26.1 million tonnes in the Probable category. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report