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MRG Metals Ltd.
Summary
| Project: | Corridor | |
|---|---|---|
| Deposit: | Koko Massava | |
| Location: | Mozambique | |
| Commodities: | Heavy Minerals | |
| Date: | 4/22/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-4-2020: MRG Metals Ltd. announces a Resource Estimation report for its Koko Massava deposit at the Corridor project. Initial Mineral Resource Estimate at Project. A valuable heavy mineral (VHM) assemblage comprising Ilmenite 42%, low Ti Ilmenite/titano | |
| Resources: | (Resources, I+I): 1.423Mt @ 5.2% THM | |
| CP/QP: | [Resources]: Greg Jones (IHC Robbins) | |
| ABSTRACT: | A valuable heavy mineral (VHM) assemblage comprising Ilmenite 42%, low Ti Ilmenite/titanomagnetite 7%, Zircon 2%, Rutile 1%, Leucoxene 1% and Monazite 0.2%. Several zones show sub-sets of higher VHM assemblage indicating further potential for optimisation. Significant proportions of titanomagnetite is not included within the valuable heavy mineral assemblage. Next steps include bulk sample geometallurgical test work to characterise processing performance of the heavy mineral sand (HMS), including process flowsheet development and the preparation, recovery and quality of potential ilmenite and zircon products. Further assaying of titanomagnetite for vanadium content will also be undertaken. The Company has commenced engagement with Mocambique STT Sociedade Anónima, the organization promoting the Chongoene Development Corridor, which has reached Bankable Feasibility phase and comprises a 150Mt per annum capacity deep water port approximately 40 km south of Koko Massava, linked by a Cape gauge railway to the existing Maputo-Zimbabwe line. This proposed railway is adjacent to the Corridor Central and Corridor South projects (refer Figure 7). The Company will now engage with potential Offtakers as the size, grade and mineralogy of the resource has been defined by this MRE. | |
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