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Titanium Sands Ltd.
Summary
| Project: | Mannar Island | |
|---|---|---|
| Deposit: | Mannar Island | |
| Location: | Sri Lanka | |
| Commodities: | Ilmenite-Leucoxene-Rutile-Zircon | |
| Date: | 1/28/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-1-2020: Titanium Sands Ltd. announces a Resource Estimation report for its Mannar Island deposit at the Mannar Island project. Mineral resource increase at Mannar Island Project. Titanium Sands Ltd (“the Company”, ASX: TSL) is pleased to announce an up | |
| Resources: | (Resource, I+I): 90.03Mt @ 6.60% THM | |
| CP/QP: | [Resources]: Kobus Badenhorst, Bernhard Siebrits (GeoActiv Pty Ltd.;Not stated) | |
| ABSTRACT: | Titanium Sands Ltd (“the Company”, ASX: TSL) is pleased to announce an updated Inferred and Indicated Mineral Resource at its Mannar Island Project in Sri Lanka of 90.03Mt at 6.60% heavy minerals (Table 1) (Figure 1). The resource has been upgraded so that 66% is now in the Indicated category. Of this total resource 57.68Mt at 6.06%THM is on tenure already held by the Company and 32.95Mt at 7.56%THM is on tenure to be acquired subject to shareholder approval 1. The resource has been defined by 3,421 auger holes drilled from surface to the water table at depths of 1 to 3m. The resource is therefore a surface exposed sheet with no overburden. The heavy mineral suite is dominated by ilmenite and leucoxene with minor but valuable rutile and zircon components. Garnet is also present as a significant component of the valuable heavy mineral assemblage but at this stage has not yet been incorporated into the resource model. The distribution of the resource domains across a large part of the 26km long and 5km wide Mannar sand island is illustrated in Figure 2. | |
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