News and Announcements
Maiden Ore Reserve at Altech’s Meckering Kaolin Deposit
- Published October 12, 2016 4:31PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
11th October 2016, ASX Announcement
Highlights
- Maiden Ore Reserve of 1.2Mt @ 30% Al2O3 (JORC 2012) at Altech’s Meckering Kaolin Deposit (M70/1334)
- Ore Reserve and mine design will provide immediate kaolin feedstock for initial 30 years mine-life
- Mineral Resources (JORC 2012) estimation of 12.7Mt @ 29.5% Al2O3
- The Resource supports the proposed HPA plant for over 250 years
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) is pleased to announce the estimation of a maiden Ore Reserve based on the production of high purity alumina (HPA) using feedstock from its 100%-owned Meckering Kaolin Deposit (M70/1334), Western Australia (Meckering). The Ore Reserve was derived from a Mineral Resources estimation at Meckering, which was delineated for the purpose of HPA production.
A maiden Ore Reserve is estimated at 1.2 million tonnes @ 30% Al2O3 (alumina) in the minus 300 micron (µm) kaolin fraction with a cut-off grade of 25% Al2O3. The Ore Reserve at Meckering is more than sufficient to support the proposed HPA processing operation (ore delivery rate of 41,000tpa) for the initial stage 1 mine-life of 30 years.
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