So ilovetrees ,
1. Is the present 130M ton JORC indicated estimate based on China's standards. If so, how do they vary to our standards/codes?
From Activity Statement - March Quarter 2011
In April we announced world leading mining consulting firm SRK Consulting has been engaged to develop supporting documentation that will allow SARCO to publish Mineral
Resource in accordance with the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserve, The JORC Code 2004 Edition.
SRK will act as the Competent Person for the Mineral Resource Estimate.
Currently SARCO has 130million ton of JORC indicated resource 1 of high quality gibbsitic bauxite.
Based on the extensive drilling by Sinomine since March 2010 we are confident of a substantial new Mineral Resource. This will further strengthen SARCO?s resolve to build a 600,000ton plus annual capacity alumina refinery.
2. Sinomine has been extensively drilling since March 2010. Have these results been used to make up the 130M tons, or will they be used for updated SRK report?
In March 2010, ORD and NFC appointed Sinomine Resource Exploration Co., Ltd (?Sinomine Resource?) to conduct a
feasibility study in Laos.
Work Completed
? All field work has been completed for LSI tenement. 1,012 holes with 8,072.39 meters drilled.
? Yuqida drilling has been now completed. 976 holes with 7,619 meters drilled.
? 352.25ha of land has been cleared of UXO to support the field work.
SRK Consulting is working with Sinomines Exploration Co., Ltd in China and Laos to produce new JORC Resource Statemetns for both tenements.
So this is a extentions to new JORC !!!
What is the expected timeframe for SRK to completed new JORC modeling/reporting?
A$6 million Feasibility Study @ Final Reporting Stage!!
Sinomine is now working on resource calculation and final reports.
Sinomine is assisting SRK Consulting in preparing a new JORC mineral resource.
ALL drilling complete just waiting on report !!!
4. ORD confident in resource upgrade, by how much??
The bauxite potential, in the areas which are of interest to ORD, is estimated to be up to 2-2.5 billion tonnes
so @ this stage any from 1BT - 2BT ?
still at this stage they have plently for the next 20yrs!
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