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King River Copper Ltd.
Summary
| Project: | Speewah | |
|---|---|---|
| Deposit: | Speewah | |
| Location: | Australia | |
| Commodities: | Vanadium-Titanium-Iron | |
| Date: | 4/1/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-4-2019: King River Copper Ltd. announces a Resource Estimation report for its Speewah deposit at the Speewah project. Amended resource estimate for Speewah. King River Resources Limited (ASX: KRR) is pleased to advise that Mining Industry Consultants CS | |
| Resources: | (Resource, Total): 4712Mt @ 0.30% V2O5, 14.7% Fe, 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) 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 was reported, such that TiO2 was tabulated in addition to Ti. The 2017 Mineral Resource estimate reported V, V2O5, Fe and Ti grades, with V2O5 calculated as V multiplied by 1.785. CSA Global notes that V and Ti (elemental) were reported by the primary laboratory. TiO2 was calculated as Ti multiplied by 1.668 and the Mineral Resource tables were updated accordingly. The amended Mineral Resource table is shown in Table 1. From Table 1, the Speewah deposits comprise a combined Measured, Indicated and Inferred Mineral Resource of 4,712 million tonnes at 0.3% V2O5, 3.3% TiO2 and 14.7% Fe (reported at a 0.23% V2O5 cut-off grade from the Central, Buckman and Red Hill deposits). This combined resource comprises Measured Resources of 322 million tonnes at 0.32% V2O5, 3.4% TiO2 and 14.9% Fe, Indicated Resources of 1,054 million tonnes at 0.33% V2O5, 3.3% TiO2 and 14.9% Fe, and Inferred Resources of 3,335 million tonnes at 0.29% V2O5, 3.3% TiO2 and 14.6% Fe. A summary report prepared by CSA Global also forms part of this ASX release (refer Appendix), including JORC Table 1 | |
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