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Maiden Mineral Resource Estimate for TBS Project
Maiden Mineral Resource Estimate for TBS Project.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \nRNS Number : 0150Z Alba Mineral Resources PLC 14 May 2019 \n\n[Click on or paste the following link into your website browser to view the associated PDF document (including maps and images): http://www.rns-pdf.londonstockexchange.com/rns/0150Z_1-2019-5-14.pdf\n \nAlba Mineral Resources plc\n(\"Alba\" or the \"Company\")\nMaiden Mineral Resource Estimate for Thule Black Sands Project\n \nAlba Mineral Resources plc (AIM: ALBA) is very pleased to announce that a Maiden Mineral Resource Estimate has been completed in respect of the Company's 100% owned Thule Black Sands Project in north-west Greenland.\nHighlights:\n• The Mineral Resource Estimate prepared by mineral sands specialist IHC Robbins is broken down into three components:\n• An Inferred Resource of 19.0 Million Tonnes at 43.6% Total Heavy Mineral.\n• An in-situ Ilmenite grade of 8.9%.\n• A Contained Ilmenite of 1.7 Million Tonnes.\n• Testwork has shown that the contained ilmenite within the Heavy Mineral Concentrate (HMC) ranges in TiO2 content from 45.6% to 47.4% with very low contaminant levels.\n• The potential exists to increase the resource tonnage by drilling through the permafrost and additional confirmatory drilling in less explored areas.\n• The offshore mineralisation adjacent to the active beaches also offers an opportunity to increase the overall size of the deposit.\nAlba's Executive Chairman, George Frangeskides, commented:\n\"To achieve a maiden resource at TBS after just one full field season is a phenomenal result. An Inferred Resource of 19 million tonnes is a huge step forward for this high-grade ilmenite project. For a 3 million tonnes per annum mining operation, this would already mean a mine life of more than six years.\"\n\"For our team to have taken this project from a standi...