For thousands of other reports visit RSC's Mineral Intellingence Map
Atlas Iron Ltd.
Summary
| Project: | Pardoo | |
|---|---|---|
| Deposit: | Pardoo | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 9/22/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 22-9-2016: Atlas Iron Ltd. announces a Resource Estimation report for its Pardoo deposit at the Pardoo project. Updated mineral resources for project. Atlas Iron Limited (ASX: AGO or Atlas) advises on its Mineral Resources and Ore Reserves as at 30 Ju | |
| Resources: | (Resource, Inf.): 9Mt @ 55.7% Fe | |
| CP/QP: | [Resources]: Leigh Slomp (Internal) | |
| ABSTRACT: | Atlas Iron Limited (ASX: AGO or Atlas) advises on its Mineral Resources and Ore Reserves as at 30 June 2016. Atlas advises that the Mineral Resources and Ore Reserves for its operating mines, Abydos, Wodgina and Mt Webber, reflect production depletion which resulted in record tonnes shipped in FY2016. On 23 December 2015 Atlas released the results of the Corunna Downs project PFS. Corunna Downs Mineral Resources and Ore Reserves at 30 June 2016 are unchanged from the PFS released by Atlas to ASX on 23 December 2015. As flagged in its FY2016 Annual Results announcement dated 30 August 2016, Atlas has reviewed its Ore Reserves for its Horizon 2 projects at McPhee Creek and South East Pilbara (Davidson Creek Hub). Based on current assessments of the ability to fund rail and port infrastructure for these iron ore projects, Atlas has not reported Ore Reserves at 30 June 2016 for its Horizon 2 projects at McPhee Creek and South East Pilbara (Davidson Creek Hub). Atlas continues to report Mineral Resources for these two projects. Atlas is continuing to investigate a trucking based infrastructure solution for its McPhee Creek project based on a similar model to its existing projects and the Corunna Downs project PFS. Should such a trucking based infrastructure solution for its McPhee Creek project be feasible, Atlas may again be able to report Ore Reserves for its McPhee Creek project. | |
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