Report out
INCREASE IN HIGH‐GRADE HEMATITE RESOURCES TO OVER 500 MILLION TONNES AT
+60% Fe TOGETHER WITH 2.38BT OF ITABIRITE AT 38% Fe UNDERPINS WORLD‐CLASS
SCALE AND QUALITY OF MBALAM PROJECT
HIGHLIGHTS
Mbalam a truly world‐class iron ore project with High Grade Hematite Resources now totalling
521.7 Mt grading 60.7% Fe which was compiled in accordance with the JORC Code.
488.5 Mt is in the Indicated category, which represents 94% of the total resource.
Project has additional further resources of 2.3 Bt of Itabirite Hematite at 38% Fe.
Resource estimate now incorporates assay results from over 960 drill holes totalling more than
140,000m of drilling.
New Resource figures fed into Definitive Feasibility Study (DFS) enhancement studies as basis
for a Reserves upgrade.
Significant potential to grow project further with numerous drilling targets identified.
Sundance set to enjoy first‐mover advantage in unlocking a new iron ore province.
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