Tombador Iron updates Brazilian JORC Mineral Resource

THE DRILL SERGEANT: Tombador Iron (TI1: ASX) completed an updated the JORC Mineral Resource Estimate for the company’s 100 per cent Tombador Iron Ore mine in Bahia Sate Brazil.

Tombador Iron produced the update following the company’s 2020/2021 infill drilling program.

The Mineral Resource is comprised of:

8.92 million tonnes of high-grade DSO hematite, which the company is currently mining; and

39.24 million tonnes of itabirites and talus, part of which Tombador is studying the suitability for beneficiating to high-grade lump product.

The drilling campaign focused on proving up the existing resource and its classification within the initial mining area.

The orebody remains open to both the north-east and south-east which the company expects to explore in subsequent drill programs.

Tombador Iron expects to announce a maiden reserve in Q1 CY 2022 as part of the life-of-mine plan.

“It is pleasing that the results of the recent drilling campaign have confirmed the quality and quantity of the high-grade DSO mineral resource at the Tombador project, with the ore body remaining open to the north-east and south-east,” Tombador Iron CEO, Gabriel Oliva said in the company’s ASX announcement.

“It is also pleasing that the drilling campaign identified talus and itabirites resources that have the potential to be beneficiated into high grade ore, and which is the subject of our current beneficiation study.”