BCI gets maiden resource at Kumina
PERTH (miningweekly.com) – Junior BCI Minerals has reported a maiden Joint Ore Reserves Committee-compliant resource for its Kumina iron-ore project, in Western Australia.
The project is estimated to host an inferred mineral resource of 78.3-million tonnes at 59.1% iron and a cutoff of 57% iron, or 115.2-million tonnes at 58% iron and 53% iron cutoff.
The mineral resource estimate includes the resources from the Kumina A, E and J deposits.
“Proving up three deposits at Kumina to resource status within nine months of acquisition is a positive result, particularly given these forgotten tenements came with zero exploration information when acquired in late 2017,” said BCI MD Alwyn Vorster.
“We now have a very promising group of deposits, including a significant tonnage of bedded iron mineralisation with a grade of more than 59% iron and relatively low impurities, providing a credible ore source in the current iron-ore market environment.”
Vorster said that Kumina also had substantial exploration upside, with many prospective targets remaining untested, with the project showing itself to be an attractive standalone development opportunity.
“The Kumina resource quality is equal or better than many ore sources from the central Pilbara area, and the distance by existing road from Kumina to Port Hedland is shorter than the distance from our Iron Valley tenement to Port Hedland, making profitable trucking or rail solutions possible.”
Vorster said that BCI is now working to secure funding and partner solutions to accelerate the development of Kumina.
“Our aim is to minimise ongoing iron-ore expenditure and create additional earnings to the existing Iron Valley royalty, which can support the development of our salt and potash interests.”
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...
VISIT SHOWROOM
ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
