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Tasmania Mines Ltd.
Summary
| Project: | Kara No 1 | |
|---|---|---|
| Deposit: | Kara No 1 | |
| Location: | Australia | |
| Commodities: | Magnetite-Tungsten | |
| Date: | 2/16/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-2-2017: Tasmania Mines Ltd. announces a Resource Estimation report for its Kara No 1 deposit at the Kara No 1 project. Updated Ore reserve for Kara No 1 . Tasmania Mines operates the Kara No 1 open cut mine in north-west Tasmania producing primarily ma | |
| Resources: | (Reserve, P+P): 9.974Mt @ 49.7% FeO, 366ppm WO3 at project | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Tasmania Mines operates the Kara No 1 open cut mine in north-west Tasmania producing primarily magnetite concentrate with scheelite concentrate as a by product. Resources in Kara No 1 orebody were estimated in November 2014 by Resource and Exploration Geology who generated a digital resource block model based upon data supplied to them by Tasmania Mines, the model has been adjusted in January 2017 for production and a small change in the geological interpretation in the SE corner of the pit. No new exploration or in fill drilling has taken place since the generation of that digital resource model (see Kara No 1 Ore Resource report - December 2014 - Resource and Exploration Geology.) The resource model utilised in this reserve estimate is the January 2017 digital resource model as described in January 2017 technical memorandum attached as a part of Appendix 6. The 2014 model has been utilised for reconciliation purposes. This reserve estimate was produced by A.D.Fudge of Polberro Consulting who is a Member of the Aus IMM and has significant experience with resource/reserve estimation in skarn style mineralisation. The reserve estimate is based upon a life of mine (LOM) pit design confirmed in January 2015, 2016 and 2017 utilising pit optimisation software (Threedify Flowpit) which continues to derive a close fit to the existing LOM manual pit design from which long term infrastructure for pit benches, access and boundaries have been designed. | |
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