Highlights
- Infill drilling has resulted in the conversion of approximately 95% of the current Inferred Mineral Resources for the K.Hill Project into the Indicated Mineral Resources category and a 25% increase in total contained manganese (“Mn”) metal.
- Indicated Mineral Resources for the K.Hill Project’s main mineralized zone are reported as 1.6 million tonnes (“Mt”) at an average grade of 22.0% manganese oxide (“MnO”), equivalent to approximately 0.4 Mt of contained Mn metal.
- Inferred Mineral Resources, including the newly discovered mineralized horizon known as the B Horizon, are reported as 1.4 Mt at an average grade of 13.9% MnO, equivalent to approximately 0.2 Mt contained Mn metal.
- Total contained Mn metal would equate to roughly 1.7 Mt of High Purity Manganese Sulphate Monohydrate (“HPMSM”).
- Samples from the B Horizon are currently undergoing detailed mineralogy and hydrometallurgical testwork and may facilitate potential upgrade from the Inferred to Indicated Mineral Resources category.
Following completion of the reverse circulation infill drilling program, SRK Consulting (“SRK”) has developed an updated MRE for the K.Hill Project. The MRE includes results from the main K.Hill Project mineralized zone and the new B Horizon only. Mineral Resources have not yet been estimated or reported for the southerly extension of the K.Hill Project (“K.Hill Extension”) as previously announced on August 19, 2021.
The MRE has been restricted to all classified material falling...
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