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Kenmare Resources Plc
Summary
| Project: | Congolone | |
|---|---|---|
| Deposit: | Marrua | |
| Location: | Mozambique | |
| Commodities: | Ilmenite-Rutile-Zircon | |
| Date: | 3/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 29-3-2018: Kenmare Resources Plc announces a Resource Estimation report for its Marrua deposit at the Congolone project. Annual report containing resource estimate update. The nature of Kenmare’s deposits, with abundant fresh water, no overburden, a good | |
| Resources: | (Resource, Inf.): 54Mt @ 4.1% THM at Marrua | |
| CP/QP: | [Resources]: Alastair Brown (Independent) | |
| ABSTRACT: | The nature of Kenmare’s deposits, with abundant fresh water, no overburden, a good ore grade and attractive products that do not have to be upgraded before being used, gives Kenmare the ability to mine, concentrate and separate its products with relatively low capital and operating costs. Kenmare operates a dedicated port facility adjacent to the MSP, which allows for the shipment of products to customers at minimum cost. Summary of reserves and resources The total proved and probable ore reserves under the Namalope, Pilivili, and Nataka mining concession are estimated as at 31 December 2017 at 1,742 million tonnes, grading 2.8% ilmenite, 0.19% zircon and 0.061% rutile, containing 48 million tonnes of ilmenite, 3.2 million tonnes of zircon and 1.06 million tonnes of rutile. The total ore resource (excluding reserves) held by the Group under a combination of exploration licences and mining concessions is estimated as at 31 December 2017 at 6.3 billion tonnes, grading 2.4% ilmenite, 0.16% zircon and 0.052% rutile, containing 149 million tonnes of ilmenite, 10 million tonnes of zircon and 3.3 million tonnes of rutile | |
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