Announcement Date: 2022-09-19
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Astro Resources NL
Project name: Governor Broome
Location: Australia
Commodities: Heavy Minerals
Highlight: Updated Mineral Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Astro Resources NL (ASX: ARO) (“ARO”, “Astro” or “the Company”) is pleased to announce a significant increase in Mineral Resources at its 100%-owned Governor Broome Heavy Mineral Sands Project in Western Australia’s South-West region. The updated Resource represents a 50% increase in the Governor Broome Project’s global Indicated Resource to 78Mt @ 4.5% HM (up from 52Mt @ 4.6% HM), as well as a 21% increase in the Jack Track Deposit total Resource to 34Mt @ 4.2% HM (up from 28Mt @ 4.1% HM), compared with the previous Mineral Resource Estimates announced to the ASX on 8 November 2021. The resource estimations were carried out by Astro’s independent consultant, Mr John Doepel, Principal Geologist of Continental Resource Management Pty Ltd (“CRM”). The revised Resources are reported in accordance with the 2012 Edition of the JORC Code and are summarised in Table 1. The Governor Broome Project is located in the south-west of Western Australia on the Scott River Coastal Plain (Figure 1). The Project is, by sealed road, located about 95km south of Busselton, 105km south of Iluka’s processing plant at Capel, and 135km from Bunbury Port and from Picton, where Doral has a heavy mineral separation plant. A 132kV power line is located just 5km to the north and a three-phase power line passes through the Project.
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