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Mineral Resources Ltd.
Summary
| Project: | Wodgina | |
|---|---|---|
| Deposit: | Wodgina | |
| Location: | Australia | |
| Commodities: | Lithium | |
| Date: | 2/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-2-2017: Mineral Resources Ltd. announces a Resource Estimation report for its Wodgina deposit at the Wodgina project. Resource update + new drilling results incl. 132m @ 1.76% Li2O from 184m. Mineral Resources Limited (ASX: MIN) (“MRL”), are pleased to | |
| Resources: | (Resource, I+I): 25.35Mt @ 1.38% Li2O at Wodgina (0.5% Li2O cutoff) | |
| CP/QP: | [Resources]: Lynn Widenbar (Widenbar and Associates Pty Ltd.) | |
| ABSTRACT: | Mineral Resources Limited (ASX: MIN) (“MRL”), are pleased to announce results of recent re-sampling and infill drilling at the Wodgina Lithium Project (“Wodgina”) carried out between September 2016 and February 2017. Widenbar and Associates Pty Ltd (“Widenbar”) has reviewed the updated data and produced a new Mineral Resource Estimate as at 16th February 2017. The Indicated and Inferred Mineral Resource above a cut-off grade of 0.5% Li2O now totals 25.35 Mt at 1.38% Li2O. 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, assay data from 27 new RC drill holes for a total of 4,823m has been received at the date of this Mineral Resource Estimate and has also been used in the calculation. Widenbar and Associates Pty Ltd (“Widenbar”) has produced a JORC 2012 compliant Mineral Resource Estimate for the Wodgina TSF3 (Tailings Storage Facility). The smaller TSF1 and TSF2 areas were also included. TSF3 is contained within the Wodgina Tantalum and Tin Project, located approximately 109 km due south of Port Hedland, in the northwest of Western Australia. It was constructed from the tailings from the Wodgina tantalum processing plant operated by Global Advanced Metals from 1989 to 2012, and has subsequently been discovered to be rich in Lithium in the form of spodumene. | |
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