FIRST MINERAL RESOURCE STATEMENT FOR MBALAM PROJECT 190MT INFERRED RESOURCE OF DSO QUALITY HEMATITE CONFIDENCE INCREASES IN WORLD-SCALE IRON ORE PROJECT
International iron ore company Sundance Resources Limited (ASX: SDL – “Sundance”) is pleased to announce a maiden JORC-Code compliant Inferred Mineral Resource of 190 million tonnes of Direct Shipping Ore (“DSO”) quality hematite mineralisation (average grade of 60% Fe) at its 90%-owned Mbalam Iron Ore Project in Cameroon, West Africa.
Exploration Target of 2.0-2.5 billion tonnes of Itabirite mineralisation for the Mbalam Project.
So: JORC of 190MT @ 60% Exploration target of 2.0 to 2.5 BT low grade Itabirite.
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