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Melior Resources Inc.
Summary
| Project: | Goondicum | |
|---|---|---|
| Deposit: | Goondicum | |
| Location: | Australia | |
| Commodities: | Ilmenite-Apatite | |
| Date: | 11/4/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-11-2016: Melior Resources Inc. announces a Resource Estimation report for its Goondicum deposit at the Goondicum project. Updated mineral resource estimate for project. Toronto, Ontario – 17 Oct, 2016. Melior Resources Inc. (TSXV: "MLR") (“Melior” or th | |
| Resources: | (Resource): 2.7Mt (Ind.) + 2.57Mt (Inf.) Ilmenite and 0.55Mt (Ind.) + 0.49Mt (Inf.) Apatite | |
| CP/QP: | [Resources]: Simon Tear (H&S Consultants Pty Ltd.) | |
| ABSTRACT: | Toronto, Ontario – 17 Oct, 2016. Melior Resources Inc. (TSXV: "MLR") (“Melior” or the “Corporation”), is pleased to announce the completion of an updated resource report in compliance with NI 43-101 for the Goondicum Industrial Mineral Project (the Property) covering ML80044 and ML80141. Melior owns 100% of Goondicum Resources Pty Ltd (GR) which subsequently owns 100% of the Property. This report combines the two previously lodged resource reports and includes a new apatite resource estimate for the project as part of the previously reported ilmenite resource estimates for ML80044. Melior Resources is a company focused exclusively on the mining sector. In 2014 Melior purchased the Property from Belridge Enterprises (“Belridge”) and completed a refurbishment and upgrade exercise on the existing plant. The Property comprises a Mining Lease ML80044 (“ML”) and an adjoining Mining Lease Application ML80141 ("MLA") that are both owned 100% by GR. The Goondicum deposit was mined within ML80044 by GR in 2015 and by Belridge in 2012-2013. The project has been on care and maintenance since September 2015. Both leases have defined Mineral Resources that have been completed in the past three years. The original exploration work for both the ML and MLA was completed by Monto Minerals in 1996 to 2005. Belridge followed up on this with the exploration drilling in 2009 on the ML. | |
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