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Centrex Metals Ltd.
Summary
| Project: | Ardmore | |
|---|---|---|
| Deposit: | Ardmore | |
| Location: | Australia | |
| Commodities: | Phosphate | |
| Date: | 6/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 1-6-2018: Centrex Metals Ltd. announces a Resource Estimation report for its Ardmore deposit at the Ardmore project. Updated mineral resource estimate updated at the project. Centrex Metals Limited (“Centrex”) has completed an update to the Mineral Resour | |
| Resources: | (Resource, Total): 16.2Mt @ 27.8% P2O5 | |
| CP/QP: | [Resources]: Jeremy Clark (RungePincockMinarco Ltd.) | |
| ABSTRACT: | Centrex Metals Limited (“Centrex”) has completed an update to the Mineral Resource estimate for its Ardmore Phosphate Rock Project (“Ardmore”) in North West Queensland. The update, prepared by RPM Advisory Services Limited (“RPM”) in accordance with the provisions of the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (JORC Code 2012), was based on a recently completed 342 drill hole program, plus 646 previous drill holes, and 17 water bores (total 1,005 drill holes). The estimate has defined total Mineral Resources of 16.2 million tonnes at 27.8% P2O5 using a 16% P2O5 cut-off, an increase in quantity from the previous estimate in part due to a lower cut-off utilised based on the latest project information. The Mineral Resource is inclusive of 14.2 million tonnes at 29.3% P2O5 using the 19% P2O5 cut-off applied in the previous estimate. A total of 14.4 million tonnes of the updated Mineral Resource is classed as either Indicated or Measured. The new Mineral Resource estimate is now being utilised by Centrex’s mining consultants to develop finalised pit designs, schedules and the establishment of Ore Reserves to underpin the current Feasibility Study being undertaken for the project. The mining studies are expected to be completed over the next two months. The shallow Ardmore deposit has been shown from recent excavator and dozer trials by Centrex to be able to be mined via strip mining without any need for blasting. | |
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