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Barra Resources Ltd.
Summary
| Project: | Mt Thirsty | |
|---|---|---|
| Deposit: | Mt Thirsty | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Manganese | |
| Date: | 3/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-3-2019: Barra Resources Ltd. announces a Resource Estimation report for its Mt Thirsty deposit at the Mt Thirsty project. Amended previous announcement to comply with ASX listing rules. The Company released an announcement to the ASX on 20th February 20 | |
| Resources: | (Resource, I+I): 25.1Mt @ 0.114% Co, 0.52% Ni (dry) | |
| CP/QP: | [Resources]: David Reid (Golder Associates) | |
| ABSTRACT: | The Company released an announcement to the ASX on 20th February 2019 titled “Mt Thirsty Mineral Resource Upgrade” advising of a Mineral Resource upgrade for the Mt Thirsty project, a 50:50 JV between Barra Resources Ltd and Conico Ltd. The ASX has subsequently advised the Company that additional information is required to fully comply with the ASX listing rules. The amended announcement is presented here Barra’s Managing Director and CEO Sean Gregory, who is managing the PFS activities on behalf of the MTJV, said “This work modernises the Mt Thirsty Mineral Resource using the best available methods. The MTJV always spends shareholder funds judiciously and this de-risking of the project has been achieved by utilising the existing drilling data, which tier one mining consultant firm Golder Associates has confirmed to be of a suitable standard. This Mineral Resource together with the recent metallurgical results will form the basis of a new optimised mine plan for the PFS which is expected to unlock significant value for the project.” | |
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