Carpentaria declares maiden indicated resource at Hawsons
PERTH (miningweekly.com) – Junior explorer Carpentaria Exploration has reported a maiden indicated resource of 215-million tonnes, at 16.2% iron, for its Hawsons iron project, in New South Wales.
The Hawsons project was estimated to contain about 35-million tonnes of premium-grade magnetite concentrate.
Carpentaria said on Wednesday that the total inferred and indicated resource at Hawson had been expanded to 1.77-billion tonnes, at a grade of 14.9%, a 26% increase on the previous estimate.
Total contained iron concentrate has also increased by 20%, to 263-million tonnes, compared with the previous estimate of 220-million tonnes, while grade has been maintained at 69.7% iron.
Carpentaria MD Quentin Hill said on Wednesday that the resource upgrade was a milestone in the project’s development, resulting from diligent geological work, with the inferred resource released soon after drilling was completed at the first major discovery.
“This result is a very significant boost to our flagship joint venture project. Not only have we achieved a 20% increase in total contained magnetite concentrate, but the conversion from inferred resource to a maiden indicated resource in the area of greatest drilling was essentially 100%, providing great confidence in subsequent conversion of other inferred resources.”
The Hawsons joint venture is 60% held by Carpentaria, with the remainder owned by private investor Pure Metals.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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