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Mineral Resources Ltd.
Summary
| Project: | Wodgina | |
|---|---|---|
| Deposit: | Wodgina | |
| Location: | Australia | |
| Commodities: | Lithium-Iron-Aluminium-Silica-Tantalum | |
| Date: | 5/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 1-5-2018: Mineral Resources Ltd. announces a Resource Estimation report for its Wodgina deposit at the Wodgina project. Updated mineral resource estimate and Initial ore reserve estimate for project. Mineral Resources Limited (ASX: MIN) (“MRL”), is please | |
| Resources: | (Reserve, Prob.): 142.4Mt @ 1.19% Li2O, 1.99% Fe, 15.37% Al2O3, 71.44% SiO2, 0.10% Ta2O5 | |
| CP/QP: | [Resources]: Lynn Widenbar (Widenbar and Associates Pty Ltd.) | |
| ABSTRACT: | Mineral Resources Limited (ASX: MIN) (“MRL”), is pleased to announce results of re-sampling, infill drilling and blast hole sampling at the Wodgina Lithium Project carried out between September 2016 and March 2018. Widenbar and Associates Pty Ltd (“Widenbar”) has reviewed the updated data as at 30 April 2018 and produced a new Mineral Resource Estimate. Following additional drilling and interpretation and six months of mining activity, much of the previous Inferred mineralisation at Wodgina has been converted to the Indicated category. The total Indicated and Inferred Pegmatite Mineral Resource at Wodgina is now 211.6 Mt at 1.23% Li2O. The Wodgina Total Mineral Resource, using a 0.5% Li2O cutoff for pegmatite and including the Tailings material, now stands at 233.9 Mt at 1.21% Li2O. Mr Ross Jaine of Mineral Resources Limited has reviewed the updated data as at 30 April 2018 and produced an inaugural probable hard rock Ore Reserves Estimate in Casserite Pit. The Wodgina Total Ore Reserves, using a 0.5% Li2O cutoff for pegmatite and excluding the Tailings material, now stands at a probable 142.4 Mt at 1.19% Li2O. Existing reverse circulation sample pulps from previous drilling programs at Wodgina have been retrieved from storage and submitted to Nagrom Laboratories for assaying for Li2O. A total of 3,390 assays have been received. In addition, geological logging data from 263 new RC drill holes for a total of 64,888m has been received and used in a revised interpretation at the date of this Mineral Resource Estimate. There were also 82,886 blast hole samples incorporated into the database. The different sources of data were combined to form a total of 182,901 assay intervals which were used in the resource estimation. The mineralisation outlines and new drill hole locations (red) and historic drill hole locations (black) are shown in figure 1 below. | |
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