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Iluka Resources Ltd.
Summary
| Project: | Eucla Basin | |
|---|---|---|
| Deposit: | Eucla Basin | |
| Location: | Australia | |
| Commodities: | Ilmenite-Zircon-Rutile | |
| 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 Eucla Basin deposit at the Eucla Basin project. Updated Ore Reserves and Mineral Resources at Eucla Basin. Following the acquisition of Sierra Rutile Limited on 7 December 2016 | |
| Resources: | (Reserve, P+P): 103Mt @ 3.8% HM for 3.9Mt 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 tenements in the Eastern Eucla Basin region of South Australia. These tenements cover an aggregate area of ~7,830 square kilometres (Figure 1.1) and extend for some 200km in a north-west direction from Ceduna. Iluka initially applied for tenure in 2002 and the first on ground activities commenced in 2004. The tenements and HM resources are located within the Yellabinna Regional Reserve and activities require specific approvals and reporting requirements with the Department of Environment, Water and Natural Resources. The HM deposits lie within the Eucla Basin which extends approximately 2,000km from Western Australia to South Australia and contains Tertiary sediments. Archaean to Middle Proterozoic rocks of the Gawler Craton underlie most of the Eastern Eucla Basin. These rocks, together with the Musgrave Block to the north, represent a suitable provenance for the Jacinth and Ambrosia zircon rich heavy mineral deposits. | |
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