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The revised Ore Reserve Estimate for Altura's owned Pilgangoora Lithium Project totals 30.1Mt at 1.04% Li2O and is classified entirely as a Probable Ore Reserve estimate (see Table 2 below). Table 2 – Altura Pilgangoora Ore Reserve Estimate (0.43% Li2O Cut-off Grade) JORC Category Cut-off Li2O% Tonnes (Mt) Li2O% Fe2O3 Li2O Tonnes
A Proved Ore Reserve is the part of Measured resources that can be mined in an economically viable fashion. It includes diluting materials and allowances for losses which occur when the material is mined. A Proved Ore Reserve represents the highest confidence category of reserve estimate.
Oct 24, 2017· This revised Ore Reserve estimate is in line with Industry best practice standards and reported according to the guidelines set by the JORC Code, 2012 Edition. Altura had previously released an Ore Reserve estimate completed by Cube Consulting Ltd) (see ASX Release 30 January 2017).
The SAMREC Code is similar to the JORC Code and the Ore Reserve and Mineral Resource terminology appearing in this section follows the definitions in both the JORC (2012) and SAMREC (2016 Edition) Codes. Ore Reserves in the context of this Annual Report have the same meaning as 'Mineral Reserves' as defined by the SAMREC
For the CEO it's important to understand that a re-estimation of the Ore Reserve with a different price can take some time. If appropriate sensitivity testing is done at the study level and in each revision of the Ore Reserve, then the CEO and the market can be informed of the valid ranges and when a new Ore Reserve estimate is required.
Page 3 of 27 Executive summary On 5 October 2011, the ASX Group (ASX) commenced a comprehensive consultation process with the release of „ASX Listing Rules Review Issues Paper: Reserves and Resources Disclosure Rules for Mining and Oil & Gas
The grade estimate was constrained within a series of mineralisation constraints (estimation domains) defined on a notional 0.1g/t Au lower cut-off grade, cognisant of the lithology models. Separate zones were modelled for laterite, tonalite and basalt at Two Mile Hill, and separate zones for BIF and basalt at .
Using JORC and CIM Guidelines for Uranium Resource Estimation. SRK has considerable experience in classifying resource and reserve estimations in accordance with internationally recognized reporting codes, such as JORC, CIM and SAMREC. Transparency, materiality and competence direct the operation and application of these codes. ...
Dec 31, 2012· Mineral Resources and Ore Reserves (JORC Code), December 2004 and is based on the Guidelines for "The Estimation and Public Reporting of Exploration Results, Mineral Resources and Ore Reserves Xstrata Zinc", Version 21 January 2008. The term 'Ore Reserves', as defined in Clause 28 of the JORC
Glencore - Resources & Reserves Report 2018 We report our resources and reserves in accordance with the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code), the 2016 edition of the South African Code for Reporting of Mineral
Mineral resource classification is the classification of mineral resources based on an increasing level of geological knowledge and confidence. Mineral deposits can be classified as: Mineral resources that are potentially valuable, and for which reasonable prospects exist for eventual economic extraction.; Mineral reserves or Ore reserves are valuable and legally, economically, and technically ...
The JORC Code has been effectively updated by a series of Companies Updates issued by the Australian Securities Exchange (ASX). Companies Update 05/04 (March 2004) This update deals with the issue of non-JORC compliant reporting, in particular description of a resource or reserve estimate as "non-JORC compliant". Companies Update 03/07 (May ...
The Mineral Resource Estimate has been completed in accordance with the terms and guidelines of The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" as provided by "The Joint Ore Reserves Committee ("JORC" or the "JORC Code – 2012 Edition").
1 ASX RELEASE 24 July 2017 Highlights: Borborema Mineral Resource estimate and Ore Reserve now updated to JORC 2012 compliance No changes to the previously disclosed Mineral Resource estimate of 68.6Mt @ 1.10 g/t containing 2.43Moz of Au and Ore Reserve of 42.4Mt @ 1.18 g/t containing 1.61Moz of Au Update means Stratex can apply for a dual listing on ASX
The Ore Reserve Estimate of 37.6 million tonnes at 1.08% Li2O and 407,000 tonnes of contained Li2O. It includes 7.2 million tonnes in the Proved category and 30.5 million tonnes in the Probable category. The Mineral Resource and Ore Reserve Estimation work was completed by Cube Consulting Pty Ltd, Perth, Western Australia.
The highly anticipated second edition of Mineral Resource and Ore Reserve Estimation – The AusIMM Guide to Good Practice presents up-to-date procedures to assist all levels of users looking to gain a detailed understanding of the science of Mineral Resource and Ore Reserve estimation.
RESOURCES & RESERVES The last JORC (2004) resource estimate for the project was compiled in 2008 based on past ASX releases and reports. The estimate was released in the Swan Gold Mining Limited 2013 prospectus released 13th February 2013 (Table 1).
The Committee for Mineral Reserves International Reporting Standards (CRIRSCO) published the first version of its International Reporting Template for Exploration Results, Mineral Resources and Mineral Reserves (IRT) modelled on the best of the CRIRSCO-style reporting standards such as the JORC Code (Australasia), SAMREC Code (South Africa ...
Resource and Reserve Estimation for Lithium Brines. The procedures and concepts presented below represent the state of the current understanding of the best practices that are applicable to the estimation of brine resources and brine reserves for lithium and .
In April 2019 the Joint Ore Reserve Committee (JORC) adopted the "Guidelines for the Resource and Reserve Estimation for Brines" (Guidelines) that have been jointly developed by the Australian SOP Brine Industry and its specialist hydrogeologists in conjunction with the Association of Mining and Exploration Companies (AMEC).
A Mineral Reserve includes diluting materials and allowances for losses that may occur when the material is mined. Probable Mineral Reserve. A probable mineral reserve is the economically mineable part of an Indicated and, in some circumstances, a Measured Mineral Resource demonstrated by at least a Preliminary Feasibility Study.
# The Ore Reserve estimate at SKO excludes HBJ as works on this estimate are incomplete. The following sections of this announcement provide the detail as required under JORC 2012 for the release of these ... • A high-Mg basalt and basalt sequence in the west.
Sullivan T D, 2014. 'The influence of geotechnical and groundwater factors on Ore Reserve estimation', Mineral Resource and Ore Reserve Estimation, The AusIMM Guide to Good Practice, Second edition, pp 385–400 (The Australasian Institute of Mining and Metallurgy: Melbourne).
Specific topics include an introduction to mine planning and feasibility studies, resource and reserve reporting using Joint Ore Reserves Committee (JORC) code, data sampling and compositing, traditional estimation techniques, geostatistics and kriging, orebody and block modelling, financial evaluation, mineral economics and cost estimation.
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