SMM1, March 23: Galaxy Resources issued an announcement recently, updating the mineral resources data of the Mt Cattlin project in Ravensthorpe, Western Australia, compared with the data as of June 2018, the total amount of resources increased by 42% by December. Recoverable ore reserves have increased by 40 to 10.7 million tons as a whole.
In the second half of 2018, Galaxy obtained all the necessary approvals from the Western Australian Department of Mines, the Ministry of Industrial Regulatory and Security (DMIRS) to shift the mining focus from the Dowling and 2SW pits, which are located in Mt Cattlin, Mines east of Floater Road have been the focus of the mining industry since production resumed.
Status of mineral resources as at 31 December 2018: calculated on the basis of JORC 2012 (Standard of the Joint Mineral reserves Commission of Australia)
General classification of mineral resources:
Surface reserves:
Classification of original mineral resources:
Ore reserves as at 31 December 2018: calculated according to JORC 2012 (Australian Joint Mineral reserves Committee Standard)
Recoverable ore reserves include lithium-bearing ores with subsurface mineralization and surface storage, with ore reserves quoted at $650 per tonne (6 per cent Li2O content, 17 per cent mining dilution and 93 per cent mining recovery).
Following the update, Galaxy began its resource drilling program on January 8, 2019, including 10000 meters of RC drilling. In addition, a GPR programme has been launched in a new near-mining geography project of the company, and to date, more than 50 kilometres of untested mining exploration has been completed.
(map of mining planning)
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