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MinRex Resources Ltd.
Summary
| Project: | Pacific Express | |
|---|---|---|
| Deposit: | Pacific Highway | |
| Location: | Australia | |
| Commodities: | Cobalt-Nickel-Scandium | |
| Date: | 6/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-6-2018: MinRex Resources Ltd. announces a Resource Estimation report for its Pacific Highway deposit at the Pacific Express project. Initial mineral resource estimate at the project. MinRex Resources Limited (ASX: MRR) (“MinRex” or “the Company”) is ple | |
| Resources: | (Resource, Inf.): 0.697Mt @ 1157ppm Co, 9043ppm Ni, 39.5ppm Sc | |
| CP/QP: | [Resources]: Nicholas Ryan (Xplore Resources Pty Ltd.) | |
| ABSTRACT: | MinRex Resources Limited (ASX: MRR) (“MinRex” or “the Company”) is pleased to announce the completion of due diligence for the Pacific Express project. In addition, the geology team has modelled a maiden inferred mineral resource estimate, reported to the JORC (2012) code, comprising 697,000t @ 1,157ppm Co, 9,043ppm Ni and 39.5ppm Sc (cut-off grade 600ppm Co) as seen in Table 1 below. MinRex Executive Director, Simon Durack commented: “The Board is pleased the geology team has been able to model an inferred cobalt resource to the current JORC code. Of significance is the cobalt grade, which the geology team believes ranks highly when compared with Australian peers, and the potential to materially expand the resource size with more exploration work followed by a targeted drilling program.” | |
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