| Announcement Date: | 2022-10-25 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | BBX Minerals Ltd. |
| Project name: | Tres Estados |
| Location: | Brazil |
| Commodities: | Gold,Iridium,Palladium,Platinum,Rhodium |
| Highlight: | Initial Resource Estiamte for Adelar Deposit |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | BBX Minerals Limited (ASX: BBX) (“BBX” or the “Company”) is pleased to announce a maiden Mineral Resource Estimate (MRE) for the Adelar prospect, forming part of the Company’s 100% owned Três Estados project, Apui, Amazonas, Brazil. The MRE contains a total of 590,300 ounces of combined platinum, palladium, iridium, rhodium and gold. An Inferred Mineral Resource of 15.71 mt at 1.17 g/t 5E PGM for the platinum group metals (PGM´s) and gold has been estimated by the consultancy group GE21 Consultoria Mineral Ltda (GE21) and reported in accordance with the JORC Code (2012). The mineralised zones were interpreted considering anomalous grade zone above a 0.1 g/t for individual PGM´s and gold. Four zones were interpreted based on geological and grade parameters: (i) Grabbro Ore Zone, (ii) Grabbro Waste Zone, (iii) Felsic Ore Zone, and (iv) Felsic Waste Zone. Refer Table 1 below for the full details of the maiden Mineral Resource estimate which has been classified as Inferred in accordance with JORC (2012). |
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