CARPENTARIA Exploration has announced independent technical consultancy, Hellman will undertake an assessment of the Hawsons Iron Project.
The group’s objective is to evaluate the magnetite exploration target for the area.
The Hawsons Project is located approximately 60km south west of Broken Hill. Based upon the encouraging exploration results to date, the company engaged independent consultants to scope the economic parameters necessary for a viable development project.
The results of the H&S study suggest that given the cumulative strike length of the magnetic anomalies and an average thickness of the magnetite siltstone of 100 metres and density of 3.2t/m, the exploration target would be in the range 2.5 billion tonnes to 4.5 billion tonnes with an 18% Davis Tube Recovery (DTR) magnetite grade.
Carpentaria’s Executive Chairman, Nick Sheard says this independent exploration target estimate is in line with internal company estimates. Scope exists for a larger exploration target tonnage given the additional magnetic anomalies in the area not considered in this report.
Sheard says in addition to the substantial tonnage potential, conceptually straightforward mining techniques and proximity to infrastructure, the earlier DTR results revealed a very clean magnetic concentrate with iron grades of 69% - 70%. Carpentaria intends to follow up earlier drilling results to determine the full potential of the area and seek to establish an initial Inferred Resource.
Currently Carpentaria is awaiting grade grind curve tests and bond work index results in order to determine processing requirements. These results are anticipated to be received in late October 2009.
Add a comment