https://www.miningweekly.com

Maiden reserve reported at Razorback

30th June 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Magnetite Mines has reported a maiden ore reserve of 473-million tonnes of iron-ore at its Razorback project, in South Australia.

The company on Wednesday said that the ore reserve contained 68.5-million tonnes of iron-ore concentrate, supporting a mine life of more than 30 years, and supporting the prefeasibility study findings.

The study will be released as soon as it is complete.

“The ore reserve statement is the culmination of many months of meticulous and dedicated work by our team and is an important validating step. These Joint Ore Reserves Committee- (Jorc-) compliant ore reserves are based on experienced third party competent person confirmation that the Razorback resource forms the basis of a technically and economically viable project,” said chairperson and CEO Peter Schubert.

He noted that the ore reserve used only 31% of the available indicated mineral resource, and some 16% of the total defined Jorc resource, leaving the resource with the potential to support either a longer operating life or an expanded scale of operation.

However, Schubert noted that further work was required in order for the remaining resource to meet the requirements of the Jorc code.

Edited by Creamer Media Reporter

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION