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Astro Resources NL
Summary
| Project: | Governor Broome | |
|---|---|---|
| Deposit: | Governor Broome | |
| Location: | Australia | |
| Commodities: | Ilmenite-Leucoxene-Zircon-Rutile | |
| Date: | 6/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-6-2019: Astro Resources NL announces a Resource Estimation report for its Governor Broome deposit at the Governor Broome project. Mineralogical examination leads to reduced mineral resource estimate at project. Astro Resources NL (ASX: ARO or the Compa | |
| Resources: | (Resource, I+I): 170Mt @ 4.1% HM | |
| CP/QP: | [Resources]: John Doepel (Continental Resource Management Pty Ltd.) | |
| ABSTRACT: | Astro Resources NL (ASX: ARO or the Company) advises following its decision to undertake drilling work in ARO’s 100% owned Governor Broome South East area (an area outside of the preliminary study Base Case announced on 28 June 2018 but nevertheless of economic interest) that sample results have now been received for the drilling programme. Unfortunately, initial examination of the heavy mineral concentrates of the samples taken from within the mineralised sections of the drill-holes indicates that only about 25% of the heavy mineral suite is comprised of valuable heavy minerals (“VHM”). The resulting VHM grades are sub-economic over most of the area; and sections containing mineralisation of potentially economic grade area of limited thickness, which would result in unviable waste/ore ratios. As a result of this information the Competent Person has concluded that there is no Mineral Resource reportable within the South East area. The previously announced Inferred Resources for the South East area were estimated from heavy mineral results reported from a 2012 drilling campaign. These results were not accompanied by mineralogical data and the assumption was made that the proportion of valuable heavy minerals would be similar to that obtained from mineralogical characterisation of the heavy mineral mineralisation intersected in earlier drilling into the Governor Broome North, South, and East Deposits. | |
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