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Brockman Mining Ltd.
Summary
| Project: | Marillana | |
|---|---|---|
| Deposit: | Marillana | |
| Location: | Australia | |
| Commodities: | Iron-Aluminium-Silica-Phosphorus | |
| Date: | 5/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 28-5-2018: Brockman Mining Ltd. announces a Resource Estimation report for its Marillana deposit at the Marillana project. Mineral resource and Ore reserve estimates updated to JORC 2012 compliance. Brockman Mining Limited is pleased to announce an upgrad | |
| Resources: | (Reserve, Prob.): 404Mt @ 59.8% Fe, 6.1% SiO2, 3.1% Al2O3 | |
| CP/QP: | [Resources]: Sia Khosrowshahi (Golder Associates) | |
| ABSTRACT: | Brockman Mining Limited is pleased to announce an upgrade to the JORC 2012 Code for the Mineral Resources and Ore Reserves for its 100% owned Marillana Iron Ore Project located in the Pilbara region of Western Australia. Mineral Resources and Ore Reserves were previously reported under the JORC 2004 Code and released to the market on 9 February 2010 and 9 September 2010 respectively by Brockman Resources Limited, now a wholly owned subsidiary of Brockman Mining Limited. The updated Mineral Resources and Ore Reserves estimations were prepared by Perth-based Golder Associates Pty Ltd (“Golder”) in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code, 2012 Edition). Golder also prepared the JORC 2004 estimates in 2010. The updated estimate of the Ore Reserves has been prepared in accordance with the JORC 2012 guidelines using the updated Mineral Resource model whilst constraining the mining area to within the 2010 DFS defined pit outline and adjusted for revised tenement boundaries (following survey). Revised input costs and Iron Ore price forecast have been used with the 2017 Mineral Resource model providing a basis for the 2018 Ore Reserves. The methodology and procedures used for the Mineral Resource and Ore Reserve estimates are provided in the attached summary report by Golder, which also includes the JORC Code Assessment Criteria (JORC Code Table 1). Figure 1 shows drill hole locations and the extent of the pit optimization and Figure 2 shows a typical cross-section through the deposit. | |
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