Resource Statement


JORC Certified Resource of over 5 Billion tonnes:

The company has drilled over 180 holes (23,000m) resulting in an Independent JORC certified resource of 5 billion tonnes across two areas: Colomi South and Colomi North (Coffey Mining, Sept. 2011).

Colomi South Colomi South DSO Hematite Colomi North Total
Category Tonnes (M) Fe (%) Tonnes (M) Fe (%) Tonnes (M) Fe (%) Tonnes (M)
Measured 0 1.94 67.0 0 2
Indicated 586 30.3 3.47 67.3 423 25.1 1,012
Inferred 841 31.8 2.89 67.5 3,179 25.2 4,024
Total 1,427 31.2 8.30 67.2 3,602 25.2 5,038