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Elementos Ltd.
Summary
| Project: | Cleveland | |
|---|---|---|
| Deposit: | Cleveland | |
| Location: | Australia | |
| Commodities: | Tin-Copper-Zinc | |
| Date: | 9/26/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 26-9-2018: Elementos Ltd. announces a Resource Estimation report for its Cleveland deposit at the Cleveland project. Updated mineral resource and ore reserve estimate at the project. Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased t | |
| Resources: | (Resource, Total): 7.47Mt @ 0.75% Sn, 0.30% Cu | |
| CP/QP: | [Resources]: Chris Grove (Measured Group Pty Ltd.) | |
| ABSTRACT: | Elementos Limited (ASX: ELT) (“Elementos” or the “Company”) is pleased to report the results from an update to the JORC Resource Estimate for the Cleveland tin-copper and tungsten projects in Tasmania. The results are reported in accordance with JORC Code (2012) and was independently prepared by Measured Group Consultants. The 2018 JORC Resource Estimate is shown in Table 1. The review was undertaken following the recent completion of the diamond drilling exploration programme at Cleveland that was specifically targeting extensions and limits to the potential open pit resources. The open pit resource potential has been assessed to a depth of 150m from surface with pit boundaries positioned with no impact on existing natural water courses and minimal interference with any future underground redevelopment. The significant upgrade in the revised JORC Resource for the Cleveland Project can be viewed in Table 2. The open pit resource contained tin content has increased by 168% from the previous estimate announced in 2015. The mineral resource upgrade resulted from modelling near surface ore lenses that were not included in the previous resource estimate, increased resources resulting from the recently completed drilling programme and reducing the dilution along the margins of the ore lenses. The Cleveland ore body remains open at depth, along strike and down dip from the currently defined ore lenses. Chris Creagh, CEO of Elementos commented “The definition of a considerably larger open pit tin and copper resource at Cleveland is an extremely positive outcome from the exploration drilling programme that was completed in the second quarter of 2018. Open pit mining optimisation studies will commence as soon as possible to determine what is expected to be a significantly positive impact on the development potential of a combined open pit mining and tailings retreatment project and underground mining re-development at Cleveland.” | |
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