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Strandline Resources Ltd.
Summary
| Project: | Coburn | |
|---|---|---|
| Deposit: | Coburn | |
| Location: | Australia | |
| Commodities: | Zircon-Rutile-Leucoxene-Ilmenite | |
| Date: | 4/16/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 16-4-2019: Strandline Resources Ltd. announces a Resource Estimation report for its Coburn deposit at the Coburn project. Initial mineral reserve estimate at the project. Strandline Resources (ASX: STA) is pleased to announce a 70 per cent increase in JOR | |
| Resources: | (Reserve, P+P): 523Mt @ 1.11% THM | |
| CP/QP: | [Overall Report]: Brendan Cummins (Internal) | |
| ABSTRACT: | Strandline Resources (ASX: STA) is pleased to announce a 70 per cent increase in JORC compliant Ore Reserves at its Coburn Mineral Sands Project in the Mid West of Western Australia. The outstanding result, which underpins an initial mine life of 22.5 years, shows Coburn is a world-scale asset based on one of the largest zircon-titanium-rich mineral sands deposits in the world. The updated Reserve is estimated at 523Mt grading 1.11% THM for ~5.8Mt of contained heavy mineral. This is an increase of 215Mt of ore compared with the previous Reserve, which was announced in 2010. Completion of the Ore Reserve means the Coburn Definitive Feasibility Study can now be finalised in April. Strandline Managing Director Luke Graham said: “This is a superb result which establishes Coburn as a major mineral sands project with large scale, long mine life and ample scope for further growth. “The detailed mining study also confirms that Coburn boasts a valuable zircon-titanium mineral sands reserve, conventional open pit dry mining and a cost-efficient and practical operating plan. “Coburn is located in a Tier-One mining jurisdiction with proximity to key infrastructure, further enhancing the project’s status as a world class development asset.” | |
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