| Announcement Date: | 2022-10-24 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | BCI Minerals Ltd. |
| Project name: | Iron Valley |
| Location: | Australia |
| Commodities: | Iron,Alumina,Silica |
| Highlight: | Updated mineral resources and ore reserves |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | BCI Minerals Limited (ASX: BCI) (‘BCI’ or the ‘Company’) presents the Mineral Resources and Ore Reserves for Iron Valley as at 30 June 2022. The Iron Valley tenements are 100% owned by BCI and are being operated by Mineral Resources Limited (‘MIN’) under a royalty-type agreement. MIN operates the mine at its cost and purchases Iron Valley product from BCI at a price linked to MIN’s realised sale price. Iron Valley’s Mineral Resources and Ore Reserves as at 30 June 2022 are shown in the tables below, as prepared by MIN in accordance with JORC (2012) guidelines. Iron Valley’s Mineral Resources as at 30 June 2022 have decreased since last reported. Mineral Resources are 167.2Mt (refer Table 1), a decrease of 6.1Mt comprising 3.9Mt from mining depletion and 2.2Mt depletion of stockpiles. Ore Reserves are 54.5Mt as at 30 June 2022 (refer Table 2), a total decrease of 13.8Mt, comprising mining depletion of 3.2Mt, 0.9 Mt from stockpile depletion and 9.7Mt resulting from re-optimisation based on updated price and cost assumptions. Further commentary on the Mineral Resource and Ore Reserve estimates are provided below with the Competent Person’s Statements. The JORC Table 1 report is shown in Appendix 1. |
| Read More |
Pricing Plans
We are a SaaS business and access to announcements and data is by subscription. We offer monthly subscriptions and discounts for annual payments.
Standard
$
10
Per Month
Stay up to date with the global mining industry.
- The Opaxe Review
- Search using Explore
- 60,000 company announcements
- Access announcements older than 7 days only
Essential
$
50
Per Month
Our most popular plan, great for: Small Investors, and Mining Suppliers
- All Standard plan features; plus
- New business opportunities every day
- Customizable filters and search results
- The Opaxe Index
- Export search results to your own system
- Announcement Alerts and Notifications
- Company pages & other announcements
Premium
$
100
Per Month
Comes with Alerts and lots of data, perfect for: Mining Companies, Consultants, and Share Traders
- All Essential plan features; plus
- Drilling result comparisons
- Downloadable intercept data
- Resources and reserves data