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FMG update on Iron Bridge Magnetite Mineral Resources

Mining News - Published on Thu, 04 Apr 2019

Image Source: SteelGuru
Fortescue Metal Group has presented an update to the Ore Reserves and Mineral Resources statement for its Magnetite properties at 2 April 2019. Fortescue’s Chief Executive Officer, Ms Elizabeth Gaines said “This update supports the development of Stage 2 of our Iron Bridge Magnetite Project announced today which holds Australia’s largest JORC compliant magnetite resource.”

Magnetite Ore Reserve and Mineral Resource - Operating Properties
HeadingReporting2 April 20192 April 201930 June 201830 June 2018
SBasisMillion tonnesFe%Million tonnesFe%
Ore Reserves(Dry In-Situ tonnes prior to processing and product grades)71667.070567.2
Mineral Resources(Dry In-Situ tonnes and grades)5.44830.47.89230.3

Ore Reserves and Mineral Resources are reported in accordance with the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, December 2012 (the JORC Code) as required by the Australian Securities Exchange. This is an update to Fortescue’s annual summary and should be read in conjunction with the supporting technical information (Hematite Ore Reserve and Mineral Resources Report and Magnetite Ore Reserve and Mineral Resources Report) released by Fortescue on 17 August 2018.

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Posted By : Rabi Wangkhem on Thu, 04 Apr 2019
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