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Fortescue Metals Group
Summary
| Project: | Nyidinghu | |
|---|---|---|
| Deposit: | Nyidinghu | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 8/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-8-2018: Fortescue Metals Group announces a Resource Estimation report for its Nyidinghu deposit at the Nyidinghu project. Annual mineral resource statement. Fortescue Metals Group (ASX: FMG, Fortescue) presents the attached Mineral Resources statement | |
| Resources: | (Resource, Total.): 2463Mt @ 57.4% Fe at Nyidinghu | |
| CP/QP: | [Resources]: S. Robinson, N. Nitschke, E. Retz (Internal) | |
| ABSTRACT: | Fortescue Metals Group (ASX: FMG, Fortescue) presents the attached Mineral Resources statement for its Development Properties at 30 June, 2018. The report updates the Inferred Mineral Resource estimates in accordance with the Australasian 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 2018 Annual Report which should be read in conjunction with the enclosed statement. The Western Hub Inferred Mineral Resource has changed to 1,642 million tonnes (mt). This decrease follows the transfer of the Eliwana deposit to the operating properties for the 2018 reporting period. This has been partly offset by a 393 mt increase to the Lora, Boolgeeda and Vivash deposits. The additional tonnes include high grade bedded iron deposits (BID) in the Brockman Iron Formation, along with channel iron deposits (CID) and detrital iron deposits (DID). Chief Executive Officer, Elizabeth Gaines said, “With our Eliwana project now underway, it is pleasing to see our hematite mineral resources at our development properties maintained at over seven billion tonnes, with the Nyidinghu resource remaining as a significant development option for the future.” | |
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