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OM Holdings Ltd.
Summary
| Project: | Bootu Creek | |
|---|---|---|
| Deposit: | Bootu Creek | |
| Location: | Australia | |
| Commodities: | Manganese | |
| Date: | 3/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-3-2019: OM Holdings Ltd. announces a Resource Estimation report for its Bootu Creek deposit at the Bootu Creek project. Updated mineral resource and ore reserve estimate at the project. The 100% owned Bootu Creek Manganese Mine is located 110km north o | |
| Resources: | (Reserve, P+P): 4.38Mt @ 21.31% Mn | |
| CP/QP: | [Resources]: Craig Reddell, Carl Chambers (Internal;CSA Global Pty Ltd.) | |
| ABSTRACT: | The 100% owned Bootu Creek Manganese Mine is located 110km north of Tennant Creek in the Northern Territory, Australia. A total of 1.82 million tonnes at 21.94% Mn of Mineral Resource were depleted by mining and 0.51 million tonnes of Secondary Process Plant (SPP) ore stockpiles were depleted by processing during the 12 months to 31 December 2018. A total of 1.82 million tonnes at 21.94% Mn of Mineral Resource were depleted by mining and 0.51 million tonnes of SPP ore stockpiles were depleted by processing during the 12 months to 31 December 2018. In addition, other significant components of the Mineral Resource reduction included 0.44 million tonnes of low grade SPP ore stockpiles and 2.40 million tonnes of Mineral Resource blocks which had extended beneath the most current Life of Mine (LOM) pit designs. However recent mining activity at or below the base of weathering has returned lower yield and product grades due to the less favourable beneficiation characteristics of unweathered ores. Remaining Mineral Resources and Ore Reserves have been critically assessed on an individual pit by pit basis for acceptable processing characteristics. The Measured and Indicated Mineral Resource blocks are now limited in extent by the remaining LOM pit designs used in the 31 December 2018 Ore Reserve. | |
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