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Melior Resources Inc.
Summary
| Project: | Urquhart | |
|---|---|---|
| Deposit: | Urquhart | |
| Location: | Australia | |
| Commodities: | Aluminium-Silica | |
| Date: | 11/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 6-11-2018: Melior Resources Inc. announces a Pre-Feasibility Study report for its Urquhart deposit at the Urquhart project. Filed PFS on SEDAR under NI43-101. The Urquhart bauxite tenement (EPM15268) is 50% owned by Metallica Minerals’ wholly owned subsid | |
| Resources: | (Reserve, P+P): 6.532Mt Direct Shipping Bauxite @ 52.7% Al2O3, 13.3% SiO2 | |
| CP/QP: | [Overall Report]: Stewart Lewis (IMC Mining Pty Ltd.) | |
| ABSTRACT: | The Urquhart bauxite tenement (EPM15268) is 50% owned by Metallica Minerals’ wholly owned subsidiary (through Oresome Australia Pty Ltd), Oresome Bauxite Pty Ltd, and 50% by a private Chinese investor, Ozore Pty Ltd. Oresome Australia Pty Ltd (100% owned by Metallica Minerals) is the Manager of the Joint Venture on behalf of the owners. EPM15268, otherwise known as the Urquhart Bauxite Project (UBx), is located some 10 km South-West of the township of Weipa on the Western side of Cape York (As set out in Figure 1). The product targeted is direct shipped bauxite ore (DSB) for the majority of the operating life with some potential dry screened production target material at the end of mining. The Mineral Reserve estimate has been based only on the DSB ore sourced from Measured and Indicated Resources. This Technical Report is in accordance with the NI 43-101, Form 43-101F1 Technical Report standards. The Technical Report consolidates information from the September 2018 PFS update to the 2017 Pre-Feasibility Study (released by Metallica in December 2017). Both the September 2018 PFS update and the 2017 PFS report are available on the Metallica website. Scientific and technical information relating to the Urquhart Bauxite Project contained in this Technical Report was prepared under the supervision of, or approved by, Mr. Stewart Lewis, CEO, IMC Mining Pty Ltd (IMC), and a “qualified person” within the meaning of NI 43-101. Mineral Resource and Ore Reserve estimates presented in the “Urquhart Bauxite PreFeasibility Study - September 2018 Update” (the PFS Update) were prepared pursuant to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves 2012 (‘the JORC Code’). Whilst IMC presented the Urquhart Bauxite Mineral Resources and Ore Reserves as disclosed in the PFS Update in accordance with the JORC Code – Mr. Lewis is of the opinion that if the Mineral Resources and Ore Reserves were prepared in accordance with the National Instrument 43-101 Standards of Disclosure for Mineral Projects, there would be no material differences between the Mineral Resource and Mineral Reserve categories as disclosed in the PFS Update and the categories set out in National Instrument 43-101 sections 1.2 and 1.3 and as defined in the CIM Definition Standards on Mineral Resources and Mineral Reserves. | |
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