| Announcement Date: | 2021-11-30 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Iluka Resources Ltd. |
| Project name: | Wimmera |
| Location: | Sierra Leone |
| Commodities: | Ilmenite,Leucoxene,Rutile,Zircon,Monazite,Xenotime |
| Highlight: | Initial Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Iluka Resources is pleased to announce inaugural Mineral Resource estimates fortwo of the company’s Wimmera heavy mineral (HM) deposits, WIM100 and WIM50 respectively, with the latter split into WIM50 and WIM50 North sub-areas. These deposits are located along the south eastern margin of the Murray Basin geomorphological province in the state of Victoria, Australia. The combined Indicated and Inferred Mineral Resource estimate for the WIM100 and WIM50 deposits is 1.38Bt grading 4.9% HM for 67Mt of contained HM, estimated in accordance with the guidelines of the JORC Code (2012 edition). Iluka’s Managing Director, Tom O’Leary said “The Wimmera region in Western Victoria has the potential to be a multi-decade future source of critical minerals, in particular zircon and rare earths. Deposits in this region have a range of technical challenges relative to traditional mineral sands developments; and, over the last decade, Iluka has invested material energy and resources in progressively overcoming these challenges. The key challenge relates to impurities in the region’s zircon which, absent a processing solution, render it ineligible for most end-markets, including ceramics. Iluka’s declaration of resources at the WIM100 and WIM50 deposits reflects our confidence in progress toward a processing solution, with larger scale piloting currently underway.” |
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