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Fortescue Metals Group
Summary
| Project: | Nyidinghu | |
|---|---|---|
| Deposit: | Nyidinghu | |
| Location: | Australia | |
| Commodities: | Iron | |
| Date: | 8/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-8-2019: Fortescue Metals Group announces a Resource Estimation report for its Nyidinghu deposit at the Nyidinghu project. Fortescue Mineral Resources Update: Development Properties. Fortescue Metals Group (ASX: FMG, Fortescue) presents the attached Min | |
| Resources: | ||
| CP/QP: | [Resources]: Stuart Robinson, Nicholas Nitschke, Erin Retz (Internal) | |
| ABSTRACT: | Fortescue Metals Group (ASX: FMG, Fortescue) presents the attached Mineral Resources statement for its Greater Western Hub Development Properties at 30 June 2019. 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 2019 Annual Report which should be read in conjunction with the enclosed statement. The Greater Western Hub Inferred Mineral Resource has increased to 2,047 million tonnes (mt). This 405mt increase includes updates to the Flying Fish, Cobra and Elevation deposits. The Pilbara Other Inferred Mineral Resource includes 384mt with the addition of the Fig Tree and Wonmunna deposits. The additional tonnes include high grade bedded iron deposits (BID) in the Brockman and Marra Mamba Iron Formations, along with channel iron deposits (CID). The Queens Extension deposit previously included in the Greater Solomon Hub has been transferred to operating properties. | |
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