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Iluka Resources Ltd.
Summary
| Project: | Sierra Rutile | |
|---|---|---|
| Deposit: | Pejebu | |
| Location: | Sierra Leone | |
| Commodities: | Rutile-Ilmenite-Zircon | |
| Date: | 1/25/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 25-1-2019: Iluka Resources Ltd. announces a Resource Estimation report for its Pejebu deposit at the Sierra Rutile project. Mineral resource update for Pejebu deposit. Iluka Resources Limited (Iluka) announces the inaugural Mineral Resource estimate of ru | |
| Resources: | (Resource, I+I): 23.4Mt @ 1.0% Rutile, 1.0% Ilmenite, 0.1% Zr | |
| CP/QP: | [Resources]: Brett Gibson (Internal) | |
| ABSTRACT: | Iluka Resources Limited (Iluka) announces the inaugural Mineral Resource estimate of rutile mineralisation at the Pejebu Deposit, located adjacent to current mining operations in Sierra Leone. The Pejebu Deposit Mineral Resource consists of 23.4Mt material at 0.95% in situ rutile, containing 0.22Mt of rutile, estimated in accordance with the guidelines of the JORC Code (2012 edition). This is in line with estimated parameters provided for the Pejebu Exploration Target, refer to ASX release 16 August 2018. 80% of the Pejebu Mineral Resource is in the Indicated Mineral Resource category while the remaining 20% is classified as Inferred. This deposit is in addition to the current Mineral Resource at Sierra Rutile, as at 31 December 2017, comprising 7.3Mt of rutile hosted in 701Mt of Measured, Indicated and Inferred Mineral Resources at a grading of 1.0% rutile (refer Iluka 2017 Annual Report, released 27 February 2018). Iluka noted at the time of acquiring Sierra Rutile in December 2016, the possibility of increased Mineral Resources through exploration. The success of brownfield exploration at Pejebu is an example of this and demonstrates the potential of the asset. | |
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