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BCI Minerals Ltd.
Summary
| Project: | Buckland | |
|---|---|---|
| Deposit: | Kumina | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 5/9/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 9-5-2018: BCI Minerals Ltd. announces an Exploration/Drilling Update report for its Kumina deposit at the Buckland project. Drilling results incl. 40m @ 62% Fe from 0m. BCI Minerals Limited (ASX: BCI) ("BCI" or the "Company") is pleased to provide an upda | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Ian Shackleton (Internal) | |
| ABSTRACT: | BCI Minerals Limited (ASX: BCI) ("BCI" or the "Company") is pleased to provide an update on drilling at the Kumina tenements, where initial assay results from Kumina E have confirmed the discovery of a high grade iron ore deposit. Commenting on the results, BCI Managing Director, Alwyn Vorster, said: "These positive drilling results support our view that the Kumina tenements potentially host a meaningful tonnage of high grade bedded iron ore mineralisation. This could transform the overall Buckland Iron Ore Project and also provides options to consider a standalone Kumina operation with higher quality products.” Overview of the Kumina Tenements The Kumina tenements comprise three granted exploration licences covering an area of approximately 480km2 located approximately 100km south of Karratha and 50km north-east of BCI's Bungaroo South Deposit. The highly prospective tenements, which were acquired in September 2017, have had minimal previous exploration and have the potential to host significant iron ore deposits. Iron ore deposits discovered at Kumina are intended to become part of BCI's Buckland Project, where the Company is targeting a 15-20Mtpa operation for 15 years from Bungaroo South and Kumina for export through BCI's proposed Cape Preston East Port (refer to Figure 1). | |
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