Magnum's Nevada project now Jorc compliant
PERTH (miningweekly.com) – Junior Magnum Mining & Exploration has reported a maiden Joint Ore Reserves Committee- (Jorc-) compliant mineral resource of 232-million tonnes for its Buena Vista magnetite project, in Nevada.
The ASX-listed company announced that the Jorc-compliant resource showed a 31% increase on the previous resource estimate at Buena Vista, with a 6% increase in the indicated resource of the Section 5 area, and a 25% increase in the Davis Tube Recovery percentage.
An additional 40-million tonnes of inferred mineral resource were also estimated in the West Pit area, along with a 14% increase in the inferred resource in the East Pit area.
“The Jorc mineral resource estimate for Buena Vista is a highly important step in advancing the project to production status. The Jorc estimate will allow the pit design, processing circuit, production rate and plant layout to be updated together with detailed financial modeling,” said Magnum executive in charge of the project Simon Baldwin.
Some A$34-million has already been spent on the project over the last ten years on the completion of feasibility studies and permitting for the long-term production of a magnetite concentrate. All major development permits for the project have already been secured.
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