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Iluka Resources Ltd.
Summary
| Project: | Atlantic Seaboard | |
|---|---|---|
| Deposit: | Atlantic Seaboard | |
| Location: | United States | |
| Commodities: | Ilmenite-Zircon | |
| Date: | 2/20/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2017: Iluka Resources Ltd. announces a Resource Estimation report for its Atlantic Seaboard deposit at the Atlantic Seaboard project. Updated Mineral Resources at Atlantic Seaboard. Following the acquisition of Sierra Rutile Limited on 7 December 20 | |
| Resources: | (Resource, Total): 118Mt @ 4.4% HM for 5.2Mt HM contained in situ at project | |
| CP/QP: | [Resources]: Brett Gibson (Internal) | |
| ABSTRACT: | Following the acquisition of Sierra Rutile Limited on 7 December 2016, Iluka Resources Limited is required to report the Ore Reserves and Mineral Resources for this material project. Iluka has also updated the Ore Reserves for all its other material projects, being Jacinth-Ambrosia, Cataby and Tutunup South and its inventory of Mineral Resources as at 31 December 2016. Iluka Resources Limited (Iluka) is the holder of numerous mining leases on the Atlantic Seaboard of the United States of America. The mining leases lie near the western limits of the upper Atlantic Coastal Plain and adjoining Fall Line crossing the North Carolina / Virginia States. The mineralisation is contained within a zone about 10 km wide (east – west) and 100 km in length (north – south). The mining leases and HM resources are located on private property where access to mine is administered through agreements with individual landholders. Initial exploration drilling and subsequent resource delineation drilling has been carried out by Iluka and predecessor companies predominantly using open flight auger sampling techniques. Resource models have been prepared for the Atlantic Seaboard HM deposits using Datamine StudioTM mining software. Geological interpretations used to constrain the modelling were prepared by geologists employed by Iluka. The resource estimate was derived from a 3 dimensional block model constructed using geological and mineralogical domain constraints as per Iluka internal guidelines. Domains are assigned to the model based on geological interpretations and the assay dataset is correspondingly flagged The assay values were interpolated using Inverse Distance Cubed (ID3) and hardness, sample composite identifiers and mineral quality were interpolated using Nearest Neighbour (NN), which are considered to be industry standard block estimation methods. | |
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