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Mineral Resources Ltd.

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Summary

Project:

Yilgarn Operations

Deposit:Koolyanobbing, Mt Dimer, Parker Range
Location:Australia
Commodities:Iron-Silica-Aluminium-Phosphorus
Date:11/20/2019
Report Code:JORC
Report Type:Resource Estimation
Project Stage:Pursuing Resource Increase/Upgrade
Report details:20-11-2019: Mineral Resources Ltd. announces a Resource Estimation report for its Koolyanobbing, Mt Dimer, Parker Range deposit at the Yilgarn Operations project. Group statement of mineral resources. The JORC compliant Group Mineral Resources as at 30 Ju
Resources:(Resource, Total): 108.6Mt @ 56.8% Fe, 6.3% SiO2, 2.2% Al2O3, 0.11% P
CP/QP:[Resources]: Matthew Watson, lynn Widenbar, David Allmark (Internal;Widenbar and Associates Pty Ltd.;RPM Global)
ABSTRACT:The JORC compliant Group Mineral Resources as at 30 June 2019 are estimated to be 108.6 million tonnes at 56.8% Fe, 6.3% SiO2, 2.2% Al2O3, 0.11% P and 8.2% LOI using a nominal Fe cut-off grade of 50%. For the purpose of satisfying “reasonable prospects for eventual extraction” (JORC 2012), the Mineral Resources have been constrained by optimised open pit shells developed using environmental constraints, operating costs and a long term iron ore price assumption. Material occurring outside of these pit shells is unclassified and not reported anywhere in this statement.

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