BCI Minerals Releases Maiden Resource Estimate for Kumina Tenements

- June 28th, 2018

BCI Minerals (ASX:BCI) released a maiden JORC resource estimate for the Kumina tenements. It is comprised of resource estimate for deposits A, E and J. 

BCI Minerals (ASX:BCI) released a maiden JORC resource estimate for the Kumina tenements. It is comprised of resource estimate for deposits A, E and J.

As quoted in the press release:

  • Maiden JORC Mineral Resource estimates completed at Kumina A (Channel Iron Deposit – CID), E and J (both Bedded and Detrital Deposits – BID and DID)
  • Inferred Mineral Resource of 78.3Mt at 59.1% Fe at a 57% Fe cut-off, or 115.2Mt at 58.0% Fe at a 53% Fe cut-off
  • Average quality specifications of the 78.3Mt Mineral Resource are: 59.1% Fe, 2.9% Al2O3, 4.9% SiO2, 0.10% P and 7.1% LOI
  • Testwork will establish potential to upgrade ore above 60% Fe and for lump ore production
  • Significant exploration upside remains at Kumina – numerous additional BID/DID targets recently identified by leading industry exploration experts
  • Kumina partnership and funding solutions now being advanced

Alwyn Vorster, managing director at BCI Minerals, commented:

Proving up three deposits at Kumina to Resource status within nine months of acquisition is a positive result, particularly given these ‘forgotten’ tenements came with zero exploration information when acquired in late 2017.

We now have a very promising group of deposits, including a significant tonnage of bedded iron mineralisation with a grade of >59% Fe and relatively low impurities, providing a credible ore source in the current iron ore market environment. Kumina also has substantial exploration upside, with many prospective targets remaining untested, and we see it as an attractive standalone development opportunity. The Kumina resource quality is equal or better than many ore sources from the central Pilbara area, and the distance by existing road from Kumina to Port Hedland is shorter than the distance from our Iron Valley tenement (an operating mine) to Port Hedland, making profitable trucking or rail solutions possible.

Click here to read the full BCI Minerals (ASX:BCI) press release.

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