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Fortescue Metals Group
Summary
| Project: | Chichester | |
|---|---|---|
| Deposit: | Chichester | |
| Location: | Australia | |
| Commodities: | Iron-Silica-Aluminium-Phosphorus | |
| Date: | 8/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-8-2017: Fortescue Metals Group announces a Resource Estimation report for its Chichester deposit at the Chichester project. Annual mineral resource and ore reserve statement. Fortescue Metal Group (ASX:FMG, Fortescue) presents the Ore Reserves and Mine | |
| Resources: | (Reserve, P+P): 1517Mt @ 57.2% Fe, 5.73% SiO2, 2.51% Al2O3, 0.065% P at Chichester Hub | |
| CP/QP: | [Resources]: David Frost-Barnes (Internal) | |
| ABSTRACT: | Fortescue Metal Group (ASX:FMG, Fortescue) presents the Ore Reserves and Mineral Resources statement for its Hematite and Magnetite properties at 30 June 2017. Ore Reserves and Mineral Resources are reported in accordance with the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, December 2012 (the JORC Code) as required by the Australian Securities Exchange. The annual summary will be included in Fortescue’s 2017 Annual Report and should be read in conjunction with the enclosed supporting technical information (Attachment 1 – Hematite Ore Reserve and Mineral Resources Report and Attachment 2 – Magnetite Ore Reserve and Mineral Resources Report). Operating properties include the Chichester and Solomon Hubs. Ore deposit types include Bedded Iron (BID), Channel Iron (CID) and Detrital Iron (DID) mineralisation. The Iron Bridge Magnetite resource has continued to grow as further infill drilling has better defined the orebody dimensions and grade. The full depth and strike extents of this large resource remain untested, with current work focussed on the upper portions (to 450 metres depth) of the deposit. Chief Executive Officer, Mr Nev Power said “We are pleased to report Ore Reserves and Mineral Resources at our operating properties are maintained in both tonnes and grade, supporting our long mine lives. Work is progressing on our Firetail replacement options with both Western Hub and Nyidinghu providing excellent opportunities for future development.” | |
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