The fact that we do not have any definitive testing on UKD's Iron Ore portfolio we can only estimate the potential resource based on recorded information of surrounding/adjacent leases.
If we can bring all this data together and use Shovelanna for comparative purposes we should help better understand the potential. _______________________________________________ We are relatively confident that UKD's leases contain either the Brockman and/or Marra Mamba iron ore formations.
Brockman A few iron ore deposits in the Brockman iron formation have hematite, a type of mineral, as their main iron mineral; are low in phosphorus; and are physically hard. Known as ‘low P Brockman ores’, these are prominent in the Mount Tom price deposit. These ores are the premium lump-producing ores in the province.
The remaining majority of the deposits in the Brockman iron formation have hematite-goethite mineralogy produce less lump than the ‘low P Brockman ores’. These ores are found in areas like Brockman No 2, a mining area in the Northern region of the Brockman syncline.
Marra Mamba The Marra Mamba iron formation has numerous high-grade ore bodies. These ore bodies are softer than the ‘low Phosphorous Brockman ores’ and consequently produce less ores in lump form. At Marandoo, there is a hard upper-ore zone in the iron formation that improves the lump yield. _______________________________________________
Shovelanna Inferred resource = 216Mt Fe level = 62% Contaminant levels: Phosphorus = .136%, Alumina & Silica levels are unknown but acceptable.
UKD leases my estimates ONLY Inferred resource = >300Mt Fe level = 60% ~ 63% Contaminant levels: Phosphorus = < .1%, Alumina & Silica levels are unknown but acceptable.
Now we are not talking of UKD's leases being in some remote area of WA. They are located in the heart of the Pilbara and infrastructure either passes over or are adjacent to UKD's tenements.
UKD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
