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Kiran Morzaria CEO of Cadence Minerals discusses the increase to JORC Resource tonnes at the Amapá Iron Ore Deposit, including a substantial uplift in Resource Categorisation.
Highlights
● Substantial increase in total Measured, Indicated and Inferred Mineral Resources, to 276.24 Million Tonnes ("Mt") grading 38.33% Fe
● New Measured Resource of 55.33 Mt grading 39.26% Fe
● Measured and Indicated Resource increase to 229.48 Mt at 38.76% Fe, from 176.7 Mt at 39.75% Fe[1] , reported within an optimised pit shell and using a cut-off grade of 25% Fe.
● Inferred Mineral Resource increased to 46.76 Mt at 36.20% Fe, from 8.7Mt at 36.9% Fe, reported within an optimised pit shell and using a cut-off grade of 25% Fe.