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Mineral Deposits Ltd.
Summary
| Project: | GCO | |
|---|---|---|
| Deposit: | GCO | |
| Location: | Senegal | |
| Commodities: | Ilmenite-Zircon-Leucoxene-Rutile | |
| Date: | 2/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-2-2018: Mineral Deposits Ltd. announces a Resource Estimation report for its GCO deposit at the GCO project. Updated mineral resource estimates and ore reserves for GCO. Mineral Deposits Limited (MDL, the Company) is pleased to announce an update of th | |
| Resources: | (Reserve, P+P): 1.765Mt @ 1.4% HM for 24.7Mt HM contained at project | |
| CP/QP: | [Resources]: Djibril Sow (Internal) | |
| ABSTRACT: | Mineral Deposits Limited (MDL, the Company) is pleased to announce an update of the Mineral Resource and Ore Reserve estimate in relation to the Grande Côte mineral sands operation (GCO) in Senegal, West Africa (100% basis). MDL owns 50% of TiZir Limited (TiZir), which in turn owns 90% of GCO. The updated Mineral Resource and Ore Reserve estimates were prepared by GCO Competent Persons in accordance with the 2012 edition of the JORC Code1 and replace the Mineral Resource and Ore Reserve estimates released by the Company on 22 February 2017. Explanatory information in relation to the updated Mineral Resource and Ore Reserve estimates is included in Appendices A and B of this ASX release. As at 31 December 2017, the GCO Mineral Resource was a total of 26.2Mt of HM (Measured and Indicated and Inferred) at an average HM grade of 1.4% based on a 1.0% HM cut-off grade. Changes from the previous estimate are due to depletion of 0.8Mt (46.8Mt at 1.7% HM) and exclusion of 0.05Mt (6.5Mt at 0.8% HM) of material resulting from mining activity undertaken between 1 January and 31 December 2017. The main HM deposits identified to date are Diogo, Fass Boye, Lompoul, Mboro, Mboro Hotel, Yodi and Noto. Both the dunes and the underlying marine sands contain HM, principally ilmenite, zircon, rutile and leucoxene. Zircon and ilmenite are the main HM of interest | |
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