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JORC Resource

Table A summarises the JORC Mineral Resource estimate for TTR's licence and permits in the South Taranaki Bight, including the proposed mining area.

Table B and C summarise the JORC Mineral Resource estimate for TTR's proposed mining area (65.76 km2) in the South Taranaki Bight.

Table A: 2015 Full area Resource Estimate @ 5% Fe2O3 cut-off

 

Mt

Fe2O3

TiO2

MgO

LOI

REC

Indicated Total

3,219

9.27

0.95

4.67

3.30

92.55

Inferred Total

1,822

8.06

0.83

4.50

4.06

89.05

Total

5,041

8.83

0.91

4.61

3.57

91.29

Table B: 2015 Mining Area Resource Estimation in ground tonnages @3.5% DTR cut-off

 

Mt

Fe2O3

Fe DTR

TiO2

CaO

MgO

LOI

REC(%)

Indicated Total

1,024

11.24

7.12

1.14

11.29

5.35

2.57

95.76

Inferred Total

19

13.15

8.99

1.36

11.51

5.73

3.24

91.73

Total

1,043

11.28

7.15

1.14

11.30

5.36

2.58

95.69

Table C: 2015 Mining Area Resource Estimation in ground concentrate @3.5% DTR cut-off

 

Mt

Fe

Ti

CaO

MgO

LOI

Indicated Total

73

56.27

5.03

1.14

3.27

-3.06

Inferred Total

2

58.12

4.93

0.90

3.19

-3.29

Total

75

56.31

5.03

1.14

3.27

-3.06

Notes:

The resource was estimated using an Ordinary Kriging algorithm by Golder Associates.

The screened recovery (Rec) has been applied to the models. Head grades and tonnages are for all material less than 2 mm in diameter. Davis Tube Concentrate (DTC) grades are for the magnetically recoverable portion of the sample. Head grades were estimated using samples weighted by Rec.

The Davis Tube Recovery (DTR) is a laboratory scale representation of the expected metallurgical recovery of the processing plant.