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AustSino Resources Group Ltd.
Summary
| Project: | Peak Hill | |
|---|---|---|
| Deposit: | Telecom Hill | |
| Location: | Australia | |
| Commodities: | Iron-Aluminium-Magnesium-Phosphorus-Sulphur-Silica | |
| Date: | 12/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-12-2017: AustSino Resources Group Ltd. announces a Resource Estimation report for its Telecom Hill deposit at the Peak Hill project. Updated Mineral Resource for the Telecom Hill deposit. AustSino Resources Group Limited (ASX: ANS) is pleased to advise | |
| Resources: | (Resource, I+I): 700Mt @ 27.5% Fe at project | |
| CP/QP: | [Resources]: David Williams (CSA Global Pty Ltd.) | |
| ABSTRACT: | AustSino Resources Group Limited (ASX: ANS) is pleased to advise that the Company has updated the Telecom Hill magnetite and direct shipping ore (DSO) iron Mineral Resource at the Peak Hill Iron Project in Western Australia after commissioning CSA Global Pty Ltd to reassess the Mineral Resources under the JORC Code (2012) reporting requirements. AustSino Executive Director Michael Keemink said, “AustSino are pleased to report the Mineral Resource for the Telecom Hill project in accordance with 2012 JORC Code. The Mineral Resource will provide the Company a platform from which to push ahead with its 2018 work programme. The magnetite deposit remains open along strike to the south-east and between the two zones of mineralisation, and the extensive tenement holding provides great opportunity for further exploration success.” The magnetite Mineral Resource was previously reported in accordance with the 2004 edition of the JORC Code and reported above a cut-off grade of 20% Fe, comprising 925 million tonnes with a head grade of 27.2% Fe. The difference in tonnes is attributable to a CSA Global conclusion that a change in method of reporting the Mineral Resource to one based on the Mass Recovery of iron, rather than in situ iron grade, better reflects the processing path required for magnetite iron ore deposits. | |
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