https://www.engineeringnews.co.za

Strike reports maiden resource at Paulsens East

15th July 2019

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Iron-ore hopeful Strike Resources has reported a maiden Joint Ore Reserves Committee- (Jorc-) compliant resource of 9.1-million tonnes, at 63.4% iron, at its Paulsens East iron-ore project, in the Pilbara.

The ASX-listed company told shareholders that the mineral resource estimated a near 3-km-long ridge of outcropping hematite conglomerate which extends up to 60 m above the surrounding terrain, which is estimated to contain some two-million tonnes of the high-grade potential direct shipping ore (DSO) material that could be mined with minimal overburden.

“This maiden Jorc inferred mineral resource for Paulsens East confirms the presence of a well-located significant occurrence of the high-grade potentially DSO ore,” said Strike MD William Johnson.

“We believe we can fast-track this asset to development in the next six to nine months, and generate potential significant cash flow in this strong iron-ore price environment.

“At the same time, Strike is also closely looking at ways to generate some additional near-term cash flow and value from its iron-ore assets in Peru, and will update the market on this in due course.”

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

VISIT SHOWROOM 
Egoli Gas (Pty) Ltd
Egoli Gas (Pty) Ltd

As a reticulator, Egoli Gas provides natural gas to homes and businesses via underground pipes.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.052 1.188s - 140pq - 2rq
Subscribe Now