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Grange Resources Ltd.
Summary
| Project: | Savage River | |
|---|---|---|
| Deposit: | Savage River | |
| Location: | Australia | |
| Commodities: | Iron-Nickel-Titanium-Magnesium-Phosphorus-Vanadium-Sulphur | |
| Date: | 4/27/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-4-2020: Grange Resources Ltd. announces a Resource Estimation report for its Savage River deposit at the Savage River project. Mineral resource and ore reserve statement for project. The Mineral Resource and Ore Reserve have been estimated by the compa | |
| Resources: | (Reserve, P+P): 113.2Mt @ 47.2% DTR at project | |
| CP/QP: | [Resources]: Ben Maynard (Internal) | |
| ABSTRACT: | The Mineral Resource and Ore Reserve have been estimated by the company’s technical staff assisted by external consultants and are reported in accordance with the guidelines of the JORC Code (2012 edition). An independent technical review was performed by AMC Consultants Pty Ltd (AMC) with regard to the resource estimation process and the reserve estimation of Centre Pit. AMC considers that Mineral Resource and Ore Reserve estimates have been completed using acceptable practices. This document has been prepared to summarise the Mineral Resource and Ore Reserve of Grange Resources’ magnetite deposits, located at Savage River and Long Plains in Tasmania. This statement covers the material remaining at the end of December 2019 and contains summary details on the history of Savage River, the geology of the deposit and information involved in producing Mineral Resource and Ore Reserve estimates. The Savage River Mine and concentrator plant are located approximately 100km south west by sealed road from Burnie. The pelletising plant and dedicated port facilities at Port Latta are located 70 kilometres northwest by sealed road from Burnie (Figure 1). | |
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