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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: | 3/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 30-3-2017: 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”) advis | |
| Resources: | (Reserve, P+P): 86.6Mt @ 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 2015, as a result of normal mining depletion. Ore Reserves have been depleted for mine production during the last calendar year. The resource consists of 377.5 million tonnes at 47.7% DTR (above a cut-off of 15% DTR) as detailed in table 1 and the reserve consists of 86.6 million tonnes at 52.5% DTR (above a cutoff of 15% DTR). 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. The Savage River magnetite deposit lies within and near the eastern margin of the Proterozoic Arthur Metamorphic Complex in north western Tasmania. This complex is exposed along a northeastsouthwest trending structural corridor, the Arthur Lineament, which separates Proterozoic sedimentary rocks to the northwest from a variety of Palaeozoic rocks to the southeast. | |
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