Tawana declares maiden resource at Liberia iron-ore project
PERTH (miningweekly.com) – ASX-listed Tawana Resources has declared a maiden resource estimate of 61.9-million tonnes, grading 33% iron at its Mofe Creek project, in Liberia.
The maiden mineral resource included an indicated resource of 16.2-million tonnes, at 35.4% iron, with the balance of the resource classified as inferred.
“The maiden mineral resource is a major milestone for Tawana in the transition from an explorer to a developer. Classification of 16.2-million tonnes in the indicated category as part of the maiden resource provides additional confidence in the geological robustness of the Mofe Creek project and is a critical step in allowing the company to assess the technical and economic viability of a proposed one- to two-million-tonne-a-year early start-up operation, and a later stage five- to ten-million-tonne-a-year project,” said Tawana MD Len Kolff.
He noted that considering the company had only drilled 8 km of a total 65 km of potential strike within the Mofe Creek licence, the potential expansion of the resource remained viable.
Further, the project’s proximity to existing infrastructure, recently commissioned mines and an operational deep-water iron-ore port, along with the confirmation that the mineralisation was coarse-grained, set the Mofe Creek apart from other West African iron-ore projects.
“These dynamic attributes of the resource and project, coupled with the mineralisation being at or near surface, with low strip ratio potential for future mine developments, places Tawana in an optimal position to fast-track the development of its Mofe Creek project, and provides reasonable prospects for eventual economic extraction of the resource,” Kolff said.
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