Tag Archives: JORC Code

Reedy Lagoon and CSIRO eye alternative resource estimate methodology

Mineral exploration, Mining industry recognition, Mining services, Steel and iron ore, , , , , , , , , , , ,

Reedy Lagoon Corp says it is working with Australia’s Commonwealth Scientific and Industrial Research Organisation (CSIRO) to investigate and trial new ways to determine resource estimates that can rely more on geophysics than solely drill hole information.

The ASX-listed explorer has engaged with CSIRO to develop a method of determining magnetite resources using petrophysically-constrained magnetic modelling. The testbed for the research will be Reedy Lagoon’s Burracoppin iron project, in Western Australia, which, the company says, is progressing towards producing green high purity pig iron (HPPI).

The collaboration with CSIRO will use previously drilled core to determine the physical properties (eg magnetisation and density) of the Burracoppin magnetite deposit, and use those results to constrain a detailed 3D magnetic/density model of the mineralisation, Reedy Lagoon said.

Dr Jim Austin, CSIRO Project Leader and Petrophysics Expert, said: “Magnetite resources are unlike any other metal in that the quantity of the resource present (ie iron) has a linear relationship with both density and magnetisation. This means the total iron resource can theoretically be determined to relatively high precision using geophysical methods alone.”

The Burracoppin iron project is seeking to establish an indicated resource of 20-30 Mt of iron concentrate product within the Burracoppin magnetite deposit so that financial projections for the HPPI production can be determined. The deposit is currently identified in detailed airborne magnetic data and three drill holes.

The planned resource definition work is focused in the region between the three drill holes where, as part of the work in establishing a mineral resource, an exploration target has been determined.

“If shown to be successful, the work with CSIRO may lead to a new method of estimating a resource to JORC standards with far less drilling than is currently required, saving much expense and reducing ground disturbance,” Reedy Lagoon said.

The project was made possible through CSIRO Kick-Start, an initiative that provides funding and support for innovative Australian start-ups and small businesses to access CSIRO’s research expertise and capabilities.

RPMGlobal helps Gübre Fabrikaları achieve gold reserve first at Gübretaş Söğüt in Turkey

Mine operation news, Mineral exploration, Mining services, Precious metals, , , , , , , , , , ,

RPMGlobal’s Consulting & Advisory division has expanded its local presence in Turkey in conjunction with the successful completion of a resource and reserve estimate for the local Gübretaş Söğüt gold project.

The company’s local Advisory division has grown its in-country capabilities, having welcomed Egemen Saygın to the role of Senior Mining Engineer and Tunahan Kılıç in the position of Consulting Geologist.

Collectively, the pair bring a high level of industry experience across exploration, operation and consulting to the Advisory team, further positioning RPMGlobal for success in the next phase of its market growth within Turkey, the company said.

RPMGlobal says it recently completed the first resource and reserve public disclosure for the high profile Gübretaş Söğüt gold project on the Borsa Istanbul Stock Exchange (BIST), in line with the recommendations of both the JORC Code and UMREK Code.

This marks the very first time a Turkish-listed company released a statement of mineral reserves on the BIST under UMREK, which was made compulsory in 2019, according to the company.

RPMGlobal was engaged as an independent estimator for Gübre Fabrikaları’s emerging gold project, considered one of the largest high-grade undeveloped gold projects in Turkey with significant upside potential.

Philippe Baudry, RPMGlobal’s Executive General Manager—Advisory Services, said: “The company is continuing to see opportunities supporting Turkish companies in a number of areas as the country’s mining industry undergoes a resurgence.

“Our team of experts on the ground are fielding queries from companies for our knowledge and support in the preparation of mining studies and compliance reports which is a reflection of our solid reputation and quality offerings in these important areas of project development.”

Baudry added: “The recent expansion of our Turkey team reflects a critical part of our strategy to grow our market share across the region through the provision of a strong local presence, and our Turkish office provides the perfect base to serve clients in the region around Turkey while giving them access to RPMGlobal’s global capability.”

RPMGlobal remains committed to providing expert advice and solutions to Turkey’s mining industry, recently becoming a corporate member of local industry organisation YERMAM (The Earth Sciences, Mining and Metallurgy Professionals Association of Turkey). It is also one of the few consulting firms with its own in-house UMREK Qualified Persons in Turkey, leading to increasing market demand for the company’s expertise in the preparation of JORC and UMREK compliance reports and NI-43-101 for equity market reporting, it said.

Baudry said Turkey’s growing pipeline of projects and strong levels of exploration would lead to continued acceleration of demand for the company’s expertise in independent assessment, governance and financier due diligence services.