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BC Iron Ltd.
Summary
| Project: | Iron Valley | |
|---|---|---|
| Deposit: | Iron Valley | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 10/19/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-10-2017: BC Iron Ltd. announces a Resource Estimation report for its Iron Valley deposit at the Iron Valley project. Updated mineral resources and ore reserves. BC Iron Limited (ASX:BCI) (“BCI” or “the Company”) reports its Mineral Resources and Ore Re | |
| Resources: | (Reserve, P+P): 113.0Mt @ 58.7% Fe | |
| CP/QP: | [Resources]: Lynn Widenbar (Widenbar and Associates Pty Ltd.) | |
| ABSTRACT: | BC Iron Limited (ASX:BCI) (“BCI” or “the Company”) reports its Mineral Resources and Ore Reserves as at 30 June 2017 in tables 1 and 2 below. Iron Valley is 100% owned by BCI and is being operated by Mineral Resources Limited (“MRL”) under a royalty-type agreement. MRL operates the mine at its cost and purchases Iron Valley product from BCI at a price linked to MRL’s realised sale price. Ore Reserves and Mineral Resources for Iron Valley as at 30 June 2017 are presented below. The estimates were prepared by MRL in accordance with JORC (2012) guidelines. Suitably qualified BCI personnel have reviewed the documentation and are comfortable with the methodologies used for the estimates. | |
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