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Metro Mining Ltd.
Summary
| Project: | Bauxite Hills Mine | |
|---|---|---|
| Deposit: | Bauxite Hills Mine | |
| Location: | Australia | |
| Commodities: | Aluminium | |
| Date: | 3/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 15-3-2017: Metro Mining Ltd. announces a Resource Estimation report for its Bauxite Hills Mine deposit at the Bauxite Hills Mine project. Updated Mineral Reserve Estimate for Bauxite Hills Mine. The Bauxite Hills Mine is situated 95 km north of Weipa on Q | |
| Resources: | (Reserve, P+P): 92.2Mt @ 49.4% Al2O3, 13.2% SiO2 at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | The Bauxite Hills Mine is situated 95 km north of Weipa on Queensland’s Cape York Peninsula and five kilometres south-east of the port at Skardon River (see Figure 1). Western Cape York is world-renowned for its deposits of high-quality, export-grade bauxite. The Company previously completed a Pre-Feasibility Study (PFS) for a 4Mtpa operation in March 2016. This study identified a Proved Ore Reserve of 41.8 million tonnes *** (50.7% total Al2O3, 10.9% total SiO2) Direct Shipping Ore (DSO) and a Probable Ore Reserve of 6.4 million tonnes*** (49.3% total Al2O3, 13.4% total SiO2) Direct Shipping Ore (DSO) compliant with the JORC 2012 code. Since the completion of the 4Mtpa PFS, Metro has completed the analysis of the BH1 boreholes drilled previously at 80m centres and has updated the geological model to include these results. The geological model has also been updated to include the Gulf Alumina Limited resources acquired by Metro in January 2017. The resource upgrade was announced to the ASX on 13 March 2017; refer Table 2. MEC Mining have completed a Bankable Feasibility Study (BFS) confirming a total ore reserve of 92.2 Million tonnes. This study identified a Probable Ore Reserve of 43.9 million tonnes*** (49.0% total Al2O3, 14.6 % total SiO2) Direct Shipping Ore (DSO) and a Proved Ore Reserve of 48.3 million tonnes (49.8% total Al2O3, 12.0% total SiO2) Direct Shipping Ore (DSO) compliant with the JORC 2012 code and based on the borehole analysis and geological modelling completed up to that date. | |
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