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Titanium Sands Ltd.
Summary
| Project: | Mannar Island | |
|---|---|---|
| Deposit: | Mannar Island | |
| Location: | Sri Lanka | |
| Commodities: | Ilmenite-Leucoxene-Rutile-Zircon | |
| Date: | 5/6/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-5-2020: Titanium Sands Ltd. announces a Resource Estimation report for its Mannar Island deposit at the Mannar Island project. Updated Mineral Resource Estimate for Project. Titanium Sands, Managing Director, Dr James Searle commented: “This massive upg | |
| Resources: | (Resources, I+I): 264.93Mt @ 4.38% THM | |
| CP/QP: | [Resource]: James Searle (Internal) | |
| ABSTRACT: | Titanium Sands, Managing Director, Dr James Searle commented: “This massive upgrade in resources for the Mannar Island Project makes a very long life large tonnage dredge mining operation a serious consideration ”. 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 264.93Mt at 4.38% THM based on a lower cut off of 2% THM. Mineral Resources were also estimated for no lower cut off and a 3% lower cut off (Tables 1 and 2) (Figure 1). The 2% lower cut off resource is considered most in keeping with the production economics of analogous projects. The mineral resource is exposed at surface and has no overburden. The previously reported resource of 90.03Mt @ 6.60% THM1 was based on 3,704 auger holes drilled to water table at depth of 1 to 3m below surface. This new mineral resource estimate incorporates RC aircore drilling data from 473 holes drilled in 20192 down to 12m below surface and 216 new auger holes (Figures 1 and 2). | |
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