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Astro Resources NL
Summary
| Project: | Governor Broome | |
|---|---|---|
| Deposit: | Governor Broome | |
| Location: | Australia | |
| Commodities: | Ilmenite-Leucoxene-Zircon-Rutile | |
| Date: | 6/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-6-2018: Astro Resources NL announces a Scoping Study report for its Governor Broome deposit at the Governor Broome project. Preliminary economic study results include positive outlook. Astro Resources NL (Astro, ASX Code: ARO) is pleased to announce re | |
| Resources: | (Resource, I+I): 200Mt @ 4.2% HM, 14% Slimes, 7.5% Oversive | |
| CP/QP: | [Overall Report]: John Doepel (TZ Minerals International Pty Ltd.) | |
| ABSTRACT: | Astro Resources NL (Astro, ASX Code: ARO) is pleased to announce receipt of an Independent preliminary study into the potential development of the Company’s Governor Broome Heavy Minerals Project located in southwestern Western Australia (Project). The preliminary study has been prepared by TZ Minerals International Pty Ltd (TZMI), a recognised specialist in heavy mineral sands (HMS). The preliminary study results referred to in this announcement are preliminary in nature, as the conclusions in the primary analysis are drawn from Indicated Resources and - in a secondary analysis - Indicated and Inferred Resources. The preliminary study is based on low-level technical and economic assessments which are insufficient to support estimation of Ore Reserves, or to provide assurance of an economic development case at this stage, or to provide certainty that the conclusions of the preliminary study will be realised. Astro intends to undertake further work on the Governor Broome Project to convert specific portions of the Inferred Resource to Indicated Resources. There is a low level of geological confidence associated with Inferred Resources, and there is no certainty that further exploration work will result in the determination of Indicated Resources. All JORC Code modifying factors have been sufficiently considered, including: mining studies, processing studies, laboratory scale metallurgical testwork, conceptual engineering and infrastructure assessments. Capital and operating costs were based on TZMI’s database of global mineral sands projects with appropriate scaling and contingencies added. The Governor Broome Deposits are contained within a granted Retention Licence and a granted Exploration Licence, for which the Company believes it has reasonable grounds to able to be convert to Mining Leases, should it elect to do so | |
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