Sglogo_1

 

Events Reports Directory Forum Articles Jobs in Steel Resume Post Links Currency Archive Metal Rate Archive Glossary Import Duty Structure Incoterms 2000 Technical Info Trade Leads Currency Codes Contact Us Disclaimer Feedback Privacy Policy Site Map

 

FAIL (the browser should render some flash content, not this).

November 21, 2008


Brockman on the move with 1.1 billion tonne iron ore resource

Western Australian iron ore company, Brockman Resources Limited has positioned itself at the forefront of Australia's emerging iron ore sector after announcing a major upgrade in the JORC Compliant resource estimate for its 100% owned Marillana Iron Ore Project in the Pilbara region to 1.1 billion tonnes of haematite mineralisation.

As per release the resource encompasses both Channel Iron Deposits with grades ranging from 55% to 60% Fe and detrital ore with grades ranging from 40% to 62% Fe. The updated mineral resource was prepared by Perth based Snowden Mining Industry Consultants Pty Ltd.

Mr Wayne Richards MD of Brockman said that the updated mineral resource inventory was based on three deposits within the Marillana Project, which is located 100 kilometer north of Newman. He added that "This represents a substantial uplift in tonnage from the initial Indicated Resource of 43.5 million tones grading 57.6% Fe announced last year for the North West Sector deposit and significantly exceeds our previously announced target of confirming a mineralisation potential of at least 100 million tonnes at Marillana.”

Mr Richards said that "This gives us great confidence that Marillana has the potential to develop as a world-class iron ore project, capable of producing ore as a Direct Shippable Ore product with an average grade of over 59% Fe. A Scoping Study is already well advanced on a potential 10Mtpa DSO operation, with the updated resource providing a strong foundation for our development activities moving forward.”

The updated resource includes the previously reported CID mineralisation at the North West Sector deposits, as well as initial estimates for the CID and detrital mineralisation at the Rockhole Bore and Abalone deposits. Significantly, it includes an Indicated Mineral Resource for the North West Sector of 338 million tonnes of CID and detrital mineralisation.

Highlights:
1. Total JORC Compliant resource estimate of +1.1 billion tonnes of haematite mineralisation.
2. Includes 338 million tonnes of Indicated Resources within North-West Sector alone.
3. Beneficiation test work confirms that detrital mineralisation can be upgraded to +59% Fe.
4. Potential for +550 million tonne of Final Product grading 57.5% to 59.8% Fe.
5. Positive initial results from Scoping Study on potential 10 million tonne per annum operation.