Announcement Date: 2022-09-12
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Anax Metals Ltd.
Project name: Whim Creek
Location: Australia
Commodities: Gold,Silver,Copper,Lead,Zinc
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Anax Metals Limited (ASX: ANX, Anax, or the Company) is pleased to announce a revised JORC 2012 Mineral Resource for the Salt Creek Deposit (Deposit) at the Whim Creek Copper-Zinc Project (Project) located 115km southwest of Port Hedland in the West Pilbara Region of Western Australia (Figure 1). The Mineral Resource at the Salt Creek Deposit represents another significant step in the Whim Creek Project’s development pathway and has contributed to an updated global Mineral Resource for the Whim Creek Project, which is 80% owned by Anax and 20% by Develop Global Limited (ASX: DVP, Develop). The Mineral Resource was completed following a database audit, updated geological interpretations and updated methodology on the assignment of bulk densities. The Mineral Resource modelling and estimate was undertaken by independant resource consultancy, Trepanier Pty Ltd, and has produced a JORC2012 compliant Indicated and Inferred Mineral Resource as shown in Table 1 and Table 2. Indicated Resources for Salt Creek have increased by over 80% and makes up 67% of the overall Mineral Resource. The remaining resources are in the Inferred category (Figure 2). The classification is supported by drilling density, geological continuity and confidence in the geological interpretation.
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