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Terramin Australia Ltd.
Summary
| Project: | Kapunda | |
|---|---|---|
| Deposit: | Kapunda | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 2/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-2-2018: Terramin Australia Ltd. announces a Resource Estimation report for its Kapunda deposit at the Kapunda project. JV - Initial Inferred Mineral Resource at Kapunda. Terramin Australia Limited (ASX:TZN) (Terramin) is pleased to announce that Terram | |
| Resources: | (Resource, Inf.): 47.4Mt @ 0.25% Cu for 119Kt Cu contained at Kapunda | |
| CP/QP: | [Resources]: Eric Whittaker (Internal) | |
| ABSTRACT: | Terramin Australia Limited (ASX:TZN) (Terramin) is pleased to announce that Terramin Exploration Pty Ltd (TEL), a wholly owned subsidiary of Terramin and its joint venture partner, Environmental Copper Recovery Pty Ltd (ECR) have completed the maiden in situ recovery (ISR) Resource estimate for the Kapunda copper project, located approximately 90 km north of Adelaide in South Australia, (Figure 1). Terramin’s Kapunda Resource has been estimated and reported in accordance with the guidelines of the 2012 edition of the Australasian Code for the Reporting of Exploration results, Mineral Resources and Ore Reserves (“2012 JORC Code”). The joint venture is investigating the potential to extract copper through ISR from the shallow mineralised halo around the historic Kapunda Mine workings. Following an extensive review of historical drill data, historical mining records along with additional test work, TEL and ECR have estimated a combined Resource of 47.4Mt at 0.25% copper using a 0.05% copper cut off (Table A). The Resource estimate is only in respect of that part of the Kapunda mineralisation that is considered amenable to ISR (copper oxides and secondary copper sulphides) within TEL’s tenement EL 5262 and only reports mineralisation that is within 100 metres of the surface (Figures 2 and 3). Terramin’s 2018 Resource estimate calculated for ISR is not reliably comparable to previous company Resource estimates which were done for extraction by open cut mining. | |
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