For thousands of other reports visit RSC's Mineral Intellingence Map
Mount Gibson Iron Ltd.
Summary
| Project: | Tallering Peak | |
|---|---|---|
| Deposit: | Tallering Peak | |
| Location: | Australia | |
| Commodities: | Iron-Silica-Aluminium-Phosphorus | |
| Date: | 8/31/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-8-2016: Mount Gibson Iron Ltd. announces a Resource Estimation report for its Tallering Peak deposit at the Tallering Peak project. Updated mineral resources for Tallering Peak project, unchanged since last estimate. This statement details the Mineral | |
| Resources: | (Resource, Total): 1.65Mt @ 57.9% Fe, 11.10% SiO2, 2.15% Al2O3, 0.069% P | |
| CP/QP: | [Resources]: Elizabeth Haren (Internal) | |
| ABSTRACT: | This statement details the Mineral Resource and Ore Reserve estimates of Mount Gibson Iron Limited (Mount Gibson) as at 30 June 2016. Mount Gibson has total Mineral Resources of 89.5 million tonnes of iron ore at an average grade of 61.4% Fe (30 June 2015: 94.9Mt @ 61.2% Fe), while Ore Reserves have reduced to 1.2 million tonnes at 58.0% Fe (30 June 2015: 7.1 million tonnes at 58.4% Fe). (Refer Tables A and B). Mount Gibson Chief Executive Officer Jim Beyer said: “The Mount Gibson Mineral Resource statement details the underlying high grade asset the company holds. This high quality validates the efforts we continue to apply to finalise the Iron Hill permitting and also finding a satisfactory restart option for Koolan Island. “With current mining operations nearing their conclusion, our immediate focus is on capitalising on the very significant high quality hematite resources both at Koolan Island and in the Mid West. The Shine and Tallering Peak Mineral Resources remain unchanged. Though Shine is currently not considered economic, the Company considers that Shine continues to provide significant longer term optionality when more favourable market conditions return. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report