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Iluka Resources Ltd.
Summary
| Project: | Sierra Rutile | |
|---|---|---|
| Deposit: | Sembehun, Pejebu | |
| Location: | Sierra Leone | |
| Commodities: | Rutile-Ilmenite-Zircon | |
| Date: | 8/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-8-2018: Iluka Resources Ltd. announces a Resource Estimation report for its Sembehun, Pejebu deposit at the Sierra Rutile project. Mineral resource update at Sembehun, exploration target for Pejebu. Iluka Resources Limited (Iluka) is pleased to announc | |
| Resources: | (Resource, I+I): 463Mt @ 1.1% Rutile, 0.6% Illmenite, 0.1% Zircon | |
| CP/QP: | [Resources]: Brett Gibson (Internal) | |
| ABSTRACT: | Iluka Resources Limited (Iluka) is pleased to announce an increase to rutile resources at the Sembehun Project (planned commissioning 2021) and the identification of the Pejebu Exploration Target based on Exploration Results, both with potential to extend the life of current mining operations at its wholly owned Sierra Rutile Limited (SRL) Operations. • Mineral Resources for the Sembehun Group Deposits including Benduma, Dodo, Gbap, Kamatipa, Kibi and Komende increase by 0.62Mt of rutile, as a result of recent exploration and updated resource modelling, from 4.4Mt of rutile (427Mt at 1.0% in situ rutile) to 5.0Mt of rutile (463Mt at 1.1% in situ rutile). • Pejebu Exploration Target, adjacent to current mining operation, comprising approximately 15Mt - 20Mt of material grading 0.9 to 1.1% in situ rutile identified based on historical documentation and assay results from recent exploration drilling. Note, the Pejebu Exploration Target is based on a number of assumptions and limitations with the potential grade and quantity being conceptual in nature. To date, there has been insufficient exploration to estimate a Mineral Resource Estimate in accordance with the JORC Code (2012 Edition) and it is uncertain if future exploration will result in the estimation of a Mineral Resource. Exploration including infill and extension drilling to improve the confidence of the Sembehun Mineral Resources and further test the Pejebu Exploration Target is ongoing. | |
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