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, March. 2015).

Colomi South Colomi North Total
Category Tonnes (Mt) Fe (%) Tonnes (Mt) Fe (%) Tonnes (Mt) Fe (%)
Indicated 543 29.7 423 25.1 966   27.7
Inferred 832 31.7 3,179 25.2 4,011   26.5
Total* 1,375 30.9 3,602 25.2 4,978   26.8

 

*Not included in this table is an additional 50Mt of itabirite from an adjoining tenement held by Tombador Iron which Colomi has an agreement to be able to mine following cessation of mining of high-grade hematite by Tombador Iron.