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Renascor Resources Ltd.
Summary
| Project: | Arno | |
|---|---|---|
| Deposit: | Siviour | |
| Location: | Australia | |
| Commodities: | Graphite | |
| Date: | 7/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-7-2016: Renascor Resources Ltd. announces an Exploration/Drilling Update report for its Siviour deposit at the Arno project. Amended announcement made on 14 July 2016 - now includes a mineral resource table. Renascor Resources Limited (ASX:RNU) (Renasc | |
| Resources: | (Resource, Total): 16.8Mt @ 7.4% TGC at Siviour | |
| CP/QP: | [Overall Report]: G. W. McConachy (Internal) | |
| ABSTRACT: | Renascor Resources Limited (ASX:RNU) (Renascor) refers to its announcement made on 14 July 2016 released under the title “High-grade Graphite at Australia’s Largest Graphite Resources”. Renascor has revised the announcement to include a mineral resource table on page 2 for the Siviour Mineral Resource estimate to comply with clause 26 of JORC. Renascor Resources (ASX: RNU) is pleased to announce the results from recently completed diamond drilling at its Siviour Graphite Deposit. The Siviour Deposit is located within Renascor’s Arno Graphite Project in South Australia’s Eyre Peninsula. See Figure 2. Renascor recently defined the largest reported graphite Mineral Resource in Australia at the Siviour Graphite Deposit, with a JORC-compliant Mineral Resource estimate of 16.8Mt @ 7.4% total graphitic carbon (TGC) for 1,243,200t of contained graphite, including high-grade mineralisation of 5.9Mt @ 10.0% TGC for 590,000t of contained graphite (See RNU ASX release dated 17 March 2016. The information contained therein has not materially changed since first being reported). The summary table below displays the Indicated and Inferred Mineral Resources for Siviour. A nominal cut-off grade of 3% TGC has been established for Siviour based on the potential mining methods and costs of open-cut mining operations that could be undertaken for mineralisation of this type. | |
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