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Iluka Resources Ltd.
Summary
| Project: | Sierra Leone | |
|---|---|---|
| Deposit: | Sierra Leone | |
| Location: | Sierra Leone | |
| Commodities: | Rutile-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 Sierra Leone deposit at the Sierra Leone project. Updated Ore Reserves and Mineral Resources at Sierra Leone. Following the acquisition of Sierra Rutile Limited on 7 December 2 | |
| Resources: | (Reserve, P+P): 305Mt @ 1.27% Rutile for 3.86Mt Rutile 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. Exploration of the Sierra Leone rutile deposits has been ongoing for many decades. The presence of rutile was first documented by the Gold Coast Geological survey in the 1920’s. The rutile occurrences were further investigated by British Titan Product Company and Pittsburg Plate Glass in the 1950’s who collectively drilled the Lanti deposits as Sherbro Minerals Limited in 1961. Mining operations commenced in 1967 using a cutter suction dredge and have continued intermittently to now. In 1971 the property was acquired by Sierra Rutile Limited (SRL), as a joint venture between Nord Resource Corporation and Amco Steel, who later sold 85% of the venture to Bethlehem Steel in 1978. SRL commenced mining operations in 1979, but production was curtailed in 1982 due to unfavourable market conditions. In 1983 Nord acquired a 100% interest in the venture and recommenced mining operations in January 1983. Nord sold a 50% interest in the project to Consolidated Rutile Limited in 1993. As a consequence of the civil war in Sierra Leone (1991 – 2002) all production ceased in 1995 and many of the company’s records were destroyed. Plans to restart the operation were initiated in 2002 by Titanium Resources Group and commercial mining re-commenced in 2006. | |
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