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BCI Minerals Ltd.
Summary
| Project: | Iron Valley | |
|---|---|---|
| Deposit: | Iron Valley | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 10/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-10-2018: BCI Minerals Ltd. announces a Resource Estimation report for its Iron Valley deposit at the Iron Valley project. Updated mineral resources and ore reserves at Iron Valley. BCI Minerals Limited (ASX: BCI) ("BCI" or the "Company") reports its Mi | |
| Resources: | (Reserve, P+P): 95.4Mt @ 58.4% Fe | |
| CP/QP: | [Resources]: Matthew Watson (Internal) | |
| ABSTRACT: | BCI Minerals Limited (ASX: BCI) ("BCI" or the "Company") reports its Mineral Resources and Ore Reserves as at 30 June 2018. As shown in tables 1 and 2 below, BCI has total hematite Mineral Resources of approximately 600Mt and hematite Ore Reserves of approximately 250Mt. Competent Persons Statements are shown in Appendix 1 and details of the updated Iron Valley estimates as at 30 June 2018 are provided in Appendix 2 and 3. BCI Minerals Limited (ASX:BCI) ("BCI") is an Australian-based resources company that is developing an industrial minerals business (including salt and potash) supported by iron ore divestment proceeds (including potential royalty earnings). BCI’s focus is on advancing its 100% owned Mardie Salt & Potash Project, located on the West Pilbara coast in the centre of Australia's key salt production region. BCI has completed a positive Pre-Feasibility Study on a solar evaporation operation producing 3.5Mtpa salt and 75ktpa sulphate of potash. A Definitive Feasibility Study is underway with all approvals and Final Investment Decision targeted by late 2019. BCI has commenced a process for the divestment of its iron ore portfolio, which includes Iron Valley, Kumina, Bungaroo South and other assets. BCI owned tenements contain a substantial hematite iron ore Mineral Resource of approximately 600Mt.1 Iron Valley is an operating iron ore mine located in the Central Pilbara region of Western Australia, which is operated by Mineral Resources Limited (ASX:MIN). Iron Valley is generating quarterly royalty earnings for BCI. | |
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