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Centaurus Metals Ltd.
Summary
| Project: | Jambreiro | |
|---|---|---|
| Deposit: | Jambreiro | |
| Location: | Brazil | |
| Commodities: | Iron-Silica-Aluminium-Phosphorus | |
| Date: | 7/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 5-7-2019: Centaurus Metals Ltd. announces a Resource Estimation report for its Jambreiro deposit at the Jambreiro project. Updated ore reserve at project. Centaurus Metals (ASX Code: CTM) is pleased to announce a new JORC 2012 Ore Reserve estimate for its | |
| Resources: | (Reserve, P+P): 43.3Mt @ 29.1% Fe, 49.7% SiO2, 4.4% Al2O3, 0.04% P | |
| CP/QP: | [Resources]: Roger Fitzhardinge, Volodymyr Myadzel (Internal;BNA Mining Solutions) | |
| ABSTRACT: | Centaurus Metals (ASX Code: CTM) is pleased to announce a new JORC 2012 Ore Reserve estimate for its 100%- owned Jambreiro Iron Ore Project, located in south-east Brazil, following the completion of a positive 2019 Jambreiro Pre-Feasibility Study (“PFS”), the results of which were announced separately to the market today (see ASX announcement: “Jambreiro Pre-Feasibility Study confirms low costs, strong economics for 1mtpa iron ore operation”). The JORC 2012 Proven and Probable Ore Reserve estimate for the Jambreiro Iron Ore Project now stands at 43.3Mt at an average grade of 29.1% Fe. The final pit designs include a total of 29.1Mt of waste movement for a total Life-of-Mine (“LOM”) material movement of 72.9Mt at a LOM strip ratio of 0.68:1 (including pre-strip material in advance of operations). The average strip ratio for the first four years of operations is very low at only 0.56:1. The updated Ore Reserve estimate is scheduled to produce 17.9Mt of high-grade (65% Fe) low-impurity product over an 18-year mine life at the planned initial production rate of 1.0Mtpa. The Project has a valid Mining Licence and key environmental approvals granted and in place for production of up to 3Mtpa. | |
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