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King River Copper Ltd.
Summary
| Project: | Speewah | |
|---|---|---|
| Deposit: | Central | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron-Aluminium-Magnesium | |
| Date: | 11/6/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-11-2019: King River Copper Ltd. announces a Resource Estimation report for its Central deposit at the Speewah project. Resource estimate for the Central deposit at project. King River Resources Limited (ASX: KRR) is pleased to advise that Mining Industr | |
| Resources: | (Resource, Total): 1240Mt @ 0.17% V, 0.31% V2O5, 14.6% Fe, 2.0% Ti, 3.3% TiO2 | |
| CP/QP: | [Resources]: Aaron Meakin (CSA Global Pty Ltd.) | |
| ABSTRACT: | King River Resources Limited (ASX: KRR) is pleased to advise that Mining Industry Consultants CSA Global Pty Ltd (CSA Global), a Member of the ERM Group of Companies, has completed an amended resource estimate reporting in accordance with the JORC Code (2012)1 for its 100% owned Speewah Specialty Metals (“SSM”) Project in the Kimberley of Western Australia (Figure 1). KRR requested CSA Global to amend the manner in which the Mineral Resource estimate for the Central deposit (Figure 1) was reported by including Al2O3 (alumina) and MgO (magnesia). The 2017 Mineral Resource estimate and an update in April 2019, reported V, V2O5, Fe, and Ti and TiO2 grades, with V2O5 calculated as V multiplied by 1.785 and TiO2 calculated as Ti multiplied by 1.668. CSA Global notes that Al2O3 and MgO (oxides) were reported by the primary laboratory. The amended Mineral Resource table is shown in Table 1. From Table 1, the Central deposit comprises a Measured, Indicated and Inferred Mineral Resource of 1,240 million tonnes at 0.31 V2O5, 3.3% TiO2, 14.6% Fe, 12.5% Al2O3 and 4.7% MgO (reported at a 0.23% V2O5 cut-off grade). This combined resource total comprises Measured Mineral Resources of 230 million tonnes at 0.33% V2O5, 3.4% TiO2, 14.9% Fe, 12.7% Al2O3 and 4.5% MgO, Indicated Resources of 301 million tonnes at 0.31% V2O5, 3.4% TiO2, 14.8% Fe, 12.5% Al2O3 and 4.6% MgO, and Inferred Resources of 709 million tonnes at 0.30% V2O5, 3.3% TiO2, 14.5% Fe, 12.5% Al2O3 and 4.8% MgO. | |
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