Project
Oakover
- Located 85km East of Newman
- Near surface / shallow mineralisation.
- Total exploration to date of 400 drill holes for 20,090 m
- Significant 108 Mt increase to 172 Mt at 9.9% Mn, representing 170% increase from historical resource
- 58.7Mt @10.4% Mn Indicated Resource
- Significant metallurgical test work undertaken
- Large number of exploration prospects remain within tenement
| Prospect | Tonnes (Mt) | Mn (%) | Fe (%) | SiO2 (%) | Al2O3 (%) | P (%) | LOI (%) | Resource Category |
|---|---|---|---|---|---|---|---|---|
| Sixty Sixer | 58.7 | 10.4 | 9.2 | 40.2 | 10.1 | 0.1 | 13.2 | Indicated |
| Sixty Sixer | 50.7 | 9.6 | 8.5 | 38.9 | 9.9 | 0.11 | 15 | Inferred |
| JayEye | 22 | 9.5 | 8.5 | 40 | 9.8 | 0.11 | 14.2 | Inferred |
| Karen | 40.9 | 9.5 | 9.3 | 42.7 | 10.5 | 0.11 | 12 | Inferred |
| Oakover | 58.7 | 10.4 | 9.2 | 40.2 | 10.1 | 0.1 | 13.2 | Total Indicated |
| Oakover | 113.6 | 9.6 | 8.8 | 40.4 | 10.1 | 0.11 | 13.8 | Total Inferred |
| Oakover | 172.3 | 9.9 | 8.9 | 40.4 | 10.1 | 0.11 | 13.6 | Grand Total |
The Oakover Project comprises of one granted exploration license (E 52/3577) and two exploration licence applications (E 46/1372 and E 52/3891). The project covers 118 blocks or approximately 360km2. The Oakover Project is located 85 km east of Newman in the Eastern Pilbara region of Western Australia and about 100 km south of the Ant Hill manganese deposit and about 50 km from the Nicholas Downs (formerly known as Balfour Downs) manganese deposit.
The Oakover Project has been the subject of a thorough exploration program and substantial hydrometallurgical test work.
The JORC 2012 inferred resource at the Oakover Project of 64Mt at 10% Mn provides a solid technical basis for additional infill and extensional drilling along with more modern metallurgical test work using lower cost modern ore sorting techniques to deliver marketable ore to the global manganese.
The manganese mineralisation at the Oakover Project appears to be partially regolith-controlled supergene enrichment of epigenetic manganese mineralisation of the underlying Balfour shale, where very rich (up to 55% Mn) surface layers overlie thicker deposits of layered manganese in shales varying in manganese content.
In addition to E52/3577 the Company has acquired two additional concessions that adjoin E52/3577 (E 46/1372 and E 52/3891). Whilst limited exploration work has been conducted on these concessions historically, the combined tenement package creates a meaningful land holding for the Company.
- Multiple advanced regional prospects that have undergone limited drill testing
- Satellite imagery interpretation has already defined prospect areas warranting further drill testing
- Infill and extensional drilling planned
- Targeting resource expansion along strike and increased definition of higher grade domains
- Metallurgical beneficiation testing to be conducted
- Assessing of DSO
- Near surface / shallow order body
- Previously tenement boundary constrained