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Maiden Indicated Resource for Carpentaria’s Hawsons Totals 215 Million Tonnes
Mar. 27, 2014 08:04AM PST
Base Metals Investing Carpentaria Exploration Ltd. (ASX:CAP) announced that the maiden indicated resource for its Hawsons iron project sits at 215 million tonnes at 16.2-percent mass recovery. It contains 35 million tonnes of premium-grade magnetite concentrate.
Carpentaria Exploration Ltd. (ASX:CAP) announced that the maiden indicated resource for its Hawsons iron project sits at 215 million tonnes at 16.2-percent mass recovery. It contains 35 million tonnes of premium-grade magnetite concentrate.
Other highlights include:
- Total Inferred plus Indicated resource tonnage increased by 26% from the 2010 estimate to 1.77 billion tonnes at a mass recovery of 14.9%
- New Indicated plus Inferred Resource contains 263Mt of premium-grade magnetite concentrate, a 20% increase on the 2010 resource estimate
- Premium concentrate grades maintained – 69.7% Fe (iron) and 2.9% SiO2 (silica) with negligible impurities
- Significant enhancement for NSW’s biggest magnetite project, which is close to available power, water and transport infrastructure to facilitate a start-up operation
Click here to read the full Carpentaria Exploration Ltd. (ASX:CAP) press release.
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