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Centrex Metals Ltd.
Summary
| Project: | Ardmore | |
|---|---|---|
| Deposit: | Ardmore | |
| Location: | Australia | |
| Commodities: | Phosphate | |
| Date: | 12/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 18-12-2017: Centrex Metals Ltd. announces a Resource Estimation report for its Ardmore deposit at the Ardmore project. Clarified report containing estimation techniques and methods. Centrex Metals Limited (“Centrex”) has completed a Mineral Resource estim | |
| Resources: | (Resource, Total): 14.2Mt @ 28.7% P2O5 at project | |
| CP/QP: | [Resources]: Sharron Sylvester (OreWin Pty Ltd.) | |
| ABSTRACT: | Centrex Metals Limited (“Centrex”) has completed a Mineral Resource estimate update for its Ardmore Phosphate Rock Project (“Ardmore”) in North West Queensland. The update was based on a recently completed 319 hole reverse circulation (“RC”) drilling program, plus 303 historical drill holes. The estimate has defined total Mineral Resources of 14.2 million tonnes at 28.7% P2O5 (using a 19% P2O5 cut-off), an increase in quantity from the previous estimate. A total of 12.3 million tonnes of the resource is classed as either Indicated or Measured Mineral Resources. A full breakdown is provided below; The results were reported under JORC 2012 and Centrex is not aware of any new information or data that materially affects the information contained within the release. All material assumptions and technical parameters underpinning the estimates in the announcement continue to apply and have not materially changed. With the Scoping Study close to completion, the Feasibility Study is already well underway, with feasibility level beneficiation test work currently being completed in Adelaide based on an almost 1 tonne bulk composite derived from a recent PQ diamond drilling program. The test work will not only provide the inputs into the process plant design for the Feasibility Study but also produce initial product trial samples to meet numerous customer requests. | |
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