For thousands of other reports visit RSC's Mineral Intellingence Map
Australian Potash Ltd.
Summary
| Project: | Lake Wells | |
|---|---|---|
| Deposit: | Lake Wells | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 8/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-8-2019: Australian Potash Ltd. announces a Resource Estimation report for its Lake Wells deposit at the Lake Wells project. Upgraded mineral resource estimate. Australian Potash Limited (ASX: APC) (APC or the Company) is pleased to advise shareholders o | |
| Resources: | (Resource, Measured): 18.1Mt SOP | |
| CP/QP: | [Resources]: Duncan Gareth Storey (AQ2 Pty Ltd.) | |
| ABSTRACT: | Australian Potash Limited (ASX: APC) (APC or the Company) is pleased to advise shareholders of an upgrade to the JORC2012 Compliant Mineral Resource Estimate being incorporated into the Definitive Feasibility Study on the Lake Wells SOP Project. Managing Director and CEO, Matt Shackleton, commented: “APC has always applied the most rigorous technical approach to the work we do at Lake Wells. This is reflected today in the quality of this upgraded mineral resource estimate. “Based on data from more than 60,000 metres of drilling, 300,000 metres of seismic surveys and 1,329 exploration holes that has been completed by APC and others at Lake Wells, today’s resource estimate upgrade establishes an extremely solid base for the Reserve estimate underpinning the Definitive Feasibility Study’ economic analyses. “APC utilises a specific yield, or drainable porosity, factor in its resource estimates. Specific yield gives an estimate of the proportion of contained brine that could potentially be recovered from an aquifer. The notion of an arithmetic estimate, or total porosity, based on area of aquifer is anathema to sound hydrogeology. “The release of this upgraded resource estimate today marks the commencement of the reporting for the Definitive Feasibility Study findings. I continue to look forward to providing shareholders with updates as they are finalised in the immediate future.” | |
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