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Australian Mines Ltd.
Summary
| Project: | Marriotts | |
|---|---|---|
| Deposit: | Marriotts | |
| Location: | Australia | |
| Commodities: | Scandium-Nickel-Cobalt | |
| Date: | 1/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-1-2018: Australian Mines Ltd. announces a Resource Estimation report for its Marriotts deposit at the Marriotts project. Updated Mineral Resource to JORC 2012 Code. Australian Mines Limited (Australian Mines or “the Company”) (AUZ: ASX) advises that fo | |
| Resources: | (Resource, Inf.): 662Kt @ 1.3% Ni for 8.7Kt contained at Marriotts | |
| CP/QP: | [Resources]: Dimitry Pertel (CSA Global Pty Ltd.) | |
| ABSTRACT: | Australian Mines Limited (Australian Mines or “the Company”) (AUZ: ASX) advises that following a review of the Company’s 100%-owned Marriotts Nickel Project in Western Australia, mining consulting firm CSA Global Pty Ltd has estimated a Mineral Resource for Marriotts of 662,000 tonnes at 1.3% nickel for 8,700 tonnes of contained nickel metal, all within the Inferred Resource category1 . The Company initiated this review of the Marriotts Project to ensure that its nickel sulphide resource, which is located within trucking distance of existing nickel processing plants, is compliant with the requirements of the 2012 Edition of the JORC Code2 . The Company believes potential exists to increase the Mineral Resource at Marriotts given the right economic environment. Australian Mines, however, has no immediate plans to commence further exploration or development activities at this project given the Company’s focus on the development of its technology metals portfolio in Australia’s eastern states, where the flagship Sconi CobaltNickel-Scandium Project is expected to reach a final investment decision in the June quarter. For further details on the CSA Global review and estimation of the Marriotts Nickel Project Mineral Resource, please refer to the summary of their report which is attached to this announcement (Appendix 1). | |
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