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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: | 4/3/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-4-2018: 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. Grange Resources Pty Ltd (ASX: GRR) (“Grange” or the “Company”) advise | |
| Resources: | (Reserve, P+P): 83.4Mt @ 52.5% DTR at project | |
| CP/QP: | [Resources]: Ben Maynard (Internal) | |
| ABSTRACT: | Grange Resources Pty Ltd (ASX: GRR) (“Grange” or the “Company”) advises that the Mineral Resource for the Savage River Ore Deposits has decreased since the previous Mineral Resource estimate dated Dec 2016, as a result of normal mining depletion. Ore Reserves have been depleted for mine production during the last calendar year. The resource consists of 374.4 million tonnes at 47.6% DTR (above a cut-off of 15% DTR) as detailed in table 1 and the reserve consists of 83.4 million tonnes at 52.5% DTR (above a cutoff of 15% DTR) as detailed in table 2. 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 2017 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 | |
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