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Atlas Iron Ltd.
Summary
| Project: | Davidson Creek Hub | |
|---|---|---|
| Deposit: | Davidson Creek Hub | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 8/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-8-2018: Atlas Iron Ltd. announces a Resource Estimation report for its Davidson Creek Hub deposit at the Davidson Creek Hub project. Mineral resource statement for project, unchanged since last estimate. Atlas Iron Limited (ASX: AGO) advises on its Min | |
| Resources: | (Resource, Total): 476.3Mt @ 56.0% Fe | |
| CP/QP: | [Resources]: John Graindorge (Snowden Mining Industry Consultants Pty Ltd.) | |
| ABSTRACT: | Atlas Iron Limited (ASX: AGO) advises on its Mineral Resources and Ore Reserves as at 30 June 2018. The reported Mineral Resources and Ore Reserves at Atlas’ operating Abydos and Mt Webber mines as at 30 June 2018 reflect production depletion as a result of 9.2m wmt shipped during FY2018. Atlas ceased mining operations at Abydos in October 2017. Atlas now only reports a Mineral Resource at Abydos for the undeveloped deposits of Sandtrax and Avalon Point. Atlas reports a modest Ore Reserve at Abydos, reflecting stockpiles of crushed material remaining at the site. Atlas no longer reports an Ore Reserve at Wodgina, reflecting its loss of ownership of stockpiles of crushed material at the site pursuant to the exit plan agreed with Mineral Resources Limited. Whilst there have been some changes to Atlas’ product strategy, the Mineral Resources and Ore Reserves for the Corunna Downs Project have not changed since 30 June 2017. Full details of Atlas’ Mineral Resources and Ore Reserves as at 30 June 2018 are set out in Appendix 1 to this announcement. Atlas has an established Ore Reserve Steering Committee (ORSC) that oversees the Mineral Resources and Ore Reserves processes and reporting. The committee includes management from geology, operations and mine planning. It meets regularly and is responsible for reconciliation, estimation and reporting of Mineral Resources and Ore Reserves. Ore Reserves undergo rigorous governance and signoff processes extending to all disciplines responsible to satisfy JORC compliance with this process audited by external consultants. Atlas continues to develop its internal systems and controls in order to maintain JORC (2012) compliance in all external reporting, including the preparation of all reported data by Competent Persons as members of the Australasian Institute of Mining and Metallurgy. | |
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