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Sagon Resources Ltd.
Summary
| Project: | Cummins Range | |
|---|---|---|
| Deposit: | Cummins Range | |
| Location: | Australia | |
| Commodities: | Rare Earth | |
| Date: | 10/15/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-10-2019: Sagon Resources Ltd. announces a Resource Estimation report for its Cummins Range deposit at the Cummins Range project. Clarification on mineral resource estimate announcement. Sagon Resources Limited (Sagon or Company) (ASX: SG1) refers to it | |
| Resources: | (Resource, Inf.): 13Mt @ 1.13% TREO | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Sagon Resources Limited (Sagon or Company) (ASX: SG1) refers to its announcement released to the market earlier today titled ‘Globally significant maiden JORC 2012 resource of 13 million tonnes at 1.13% TREO’ (Announcement). Following consultation with ASX, the Company retracts the following from the Announcement: • the statement that Sagon is now ranked in the Top-5 Australian rare earths projects on the ASX; • the peer comparison tables on pages 1 and 6; and • the footnote on page 1, (together, the Peer Comparison Information). While the Peer Comparison Information was for informational purposes only, and had specifically disclosed the category of resource reported by each of the specified peers and whether the specified peers are presently operating or in development, ASX has informed Sagon that it does not consider that the comparison between the projects and the companies is appropriate, on the basis that the companies reported are at more advanced stages of development than Sagon. | |
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