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Attila Resources Ltd.
Summary
| Project: | Century Mine | |
|---|---|---|
| Deposit: | Century Mine | |
| Location: | Australia | |
| Commodities: | Zinc-Lead-Silver | |
| Date: | 3/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 1-3-2017: Attila Resources Ltd. announces a Resource Estimation report for its Century Mine deposit at the Century Mine project. Resource estimate for Century Tailings Deposit at recently acquired Century Mine. Attila Resources Limited (ASX: AYA) is pleas | |
| Resources: | (Resource, I+I): 71Mt @ 2.73% Zn for 1.95Mt ZnEq Metal contained at Century Tailings | |
| CP/QP: | [Resources]: Ian Glacken (Optiro Pty Ltd.) | |
| ABSTRACT: | Attila Resources Limited (ASX: AYA) is pleased to announce that it has entered into binding agreements for the progressive acquisition of the Century Zinc Mine (Century) and all associated infrastructure, including the Karumba Port Facility. The cessation of processing operations by MMG Limited (ASX: MMG) at Century in early 2016 following depletion of the Century ore reserves presented an opportunity for a focused junior to monetise valuable remaining mineral assets. These include over 2,500,000t of JORC compliant zinc metal equivalent resources located within mineralised tailings, the Silver King base metal deposit and other minor defined deposits. In addition, Century hosts several substantial phosphate deposits which are yet to be developed. MMG has recently completed an agreement with the private Australian mine rehabilitation company Century Bull Pty Ltd (Century Bull), via its 100% owned subsidiary Century Mine Rehabilitation Project Pty Ltd (CMRP), for the acquisition by CMRP of 100% of all Century assets and infrastructure (CMRPMMG Agreement). Century Bull is a privately owned Australian resources company specialising in ‘economic rehabilitation’ and associated with the Raging Bull Group of companies. The Raging Bull Group leverage their strong experience in metallurgical processing and environmental management to target the reprocessing of tailings, achieving an economic return whilst remediating historic mine sites. Raging Bull is already established in Queensland through its involvement in the Mount Morgan Tailings Rehabilitation Project (as joint venture partner with Carbine Resources Limited) on behalf of the Queensland Government. | |
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