Brumby upgrades Oakover manganese estimate

THE DRILL SERGEANT: Brumby Resources has announced upgraded total Inferred Mineral Resource Estimate for the company’s Oakover manganese project, located in the East Pilbara of Western Australia.

 

Location of the Oakover manganese project in the East Pilbara manganese province. Source: Company announcement

 

The new estimate stands at 64 million tonnes at 10 per cent manganese based on a cut-off grade of 8 per cent manganese.

This result is up from the Maiden Inferred Mineral Resource Estimate of 27Mt at 10.2 per cent manganese the company announced in March 2012.

“With the latest upgrade to the resource, the team at Brumby has shown again that we can deliver on the goals we set, on time and on budget,” Brumby Resources chief executive officer Alison Morley said in the company’s announcement to the Australian Securities Exchange.

“The project is reaching a critical size where we can start to seriously examine its commercial potential.

“The next phase will allow the company to gain a more detailed understanding of the metallurgy and the resultant data will be used as inputs to a Scoping Study planned for the end of 2012.

“Meanwhile, follow-up exploration will continue at the JayEye, Sixty Sixer and Taya prospects at the Oakover project.”

Brumby said it has more resource definition drilling planned for Oakover, with 3,000m of RC drilling designed at the JayEye prospect with the aim of potentially expanding the project’s current Resource.

The company expects the next phase of drilling will test an area of approximately 600m by 1000m.

A further 500m of drilling will provide samples for metallurgical beneficiation testing.