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Altura Mining Ltd.
Summary
| Project: | Pilgangoora | |
|---|---|---|
| Deposit: | Pilgangoora | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 5/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 28-5-2018: Altura Mining Ltd. announces a Resource Estimation report for its Pilgangoora deposit at the Pilgangoora project. Updated mineral resource and ore reserve estimate at the project. Altura Mining Limited (ASX: AJM) is pleased to report that its 1 | |
| Resources: | (Reserve, P+P): 41.1Mt @ 1.05% Li2O, 1.95% Fe2O3 for 432Kt Li2O contained | |
| CP/QP: | [Resources]: Stephen Barber (Internal) | |
| ABSTRACT: | Altura Mining Limited (ASX: AJM) is pleased to report that its 100%-owned flagship Altura Lithium Project has been confirmed as a world-class long-life operation following the completion of a revised Ore Reserve and Mineral Resource estimate. The increased estimate has added a minimum two years life to the project and will be incorporated into the Stage 2 expansion that was the subject of a recent robust Definitive Feasibility Study (see ASX release 30 April 2018). The revised estimate, which followed the completion of a drill program in the Southern Ridge Deposit area, has also increased overall confidence in the project inventory by classification. Altura Managing Director Mr James Brown said the resource and reserve upgrade was extremely positive and in line with Altura’s strategy of systematically increasing the resource inventory. “The exploration and development team have delivered some outstanding results that will not only add confidence to the existing operation but underpin the planned Stage 2 expansion to 440,000 tonnes per annum production. “This also comes as we move strongly through the commissioning phase of Stage 1, with crushed ore stockpiled and ready for processing. We remain firmly on track for first lithium concentrate production this quarter and the first customer shipments in July.” | |
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