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Energy Resources of Australia Ltd.
Summary
| Project: | Ranger | |
|---|---|---|
| Deposit: | Ranger | |
| Location: | Australia | |
| Commodities: | Uranium | |
| Date: | 2/26/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-2-2020: Energy Resources of Australia Ltd. announces a Resource Estimation report for its Ranger deposit at the Ranger project. Updated Mineral Reserve Estimate for the Ranger Project. Energy Resources of Australia Ltd (ERA) has completed its annual as | |
| Resources: | (Reserves, P+P): 242Mt @ 0.071% U3O8 | |
| CP/QP: | [Overall Report]: Stephen Peveley (Internal) | |
| ABSTRACT: | Energy Resources of Australia Ltd (ERA) has completed its annual assessment and reconciliation of Ore Reserves and Mineral Resources for both Ranger and Jabiluka. The results are set out on the attached page. Ranger Reserves and Resources The Ranger Ore Reserves and Mineral Resources are reported under the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” (JORC 2012 code). During 2019, the Proved and Probable Ore Reserves for Ranger decreased from 3,735 tonnes of uranium oxide to 1,711 tonnes of uranium oxide. This is wholly due to ore depletion by the processing of 2,024 tonnes of uranium oxide. During the reporting period, all processed ore was sourced from either run of mine stocks or low grade stockpiles. The table below sets out the reconciliation of Ranger Ore Reserves During the 2019 ore mining and Pit 1 backfill activities, all material discriminated as low grade mineral resource (> 0.02% < 0.06% U3O8) was re-stockpiled for potential backfilling into Pit 3 in 2022. Accordingly, there has been no overall change in Ranger 3 mineral resources during the reporting period, which remain at 54,701 tonnes of uranium oxide. | |
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