Telecom Hill Mineral Resource Estimate Update

Plan B, in case Mbalam/Nabeba project litigation goes pear shaped?
FYI...



Telecom Hill Mineral Resource Estimate
Lode 4 Mineral Resource Update

AustSino Resources Group Limited (the Company or ANS) is pleased to advise that the Company has updated the Telecom Hill magnetite and direct shipping ore (DSO) iron Mineral Resource at the Peak Hill Iron Project in Western Australia after commissioning CSA Global Pty Ltd to update the Mineral Resources incorporating additional drill hole data on M52/1068-I and E52/1557-I. The updated Mineral Resources have been estimated in accordance with the JORC Code (2012) reporting requirements.

Whilst the Company’s focus at present is on developing our interests and plans in Central Africa, we continue to maintain our interests in the Mid West region of Western Australia with a view to potential participation in any future development. In this context,we have noted the consolidation of China’s holdings in the region and that Fortescue Metals Group and Sinosteel announced earlier this year that they are working together to study the feasibility of developing a significant magnetiteproject together in the Mid-West.

Highlights
•Updated Mineral Resource Estimate (MRE) for Lode 4 incorporating results from 17 reverse circulation percussion (RCP) drill holes completed in 2018;
•Significant increase in the Lode 4 magnetite Mineral Resource of 254Mt;
•Updated Telecom Hill global in situ magnetite Mineral Resource tonnage of 954Mt above a15% Mass Recovery of iron;
•2018 drilling has delineated a new 21.3Mt DSO Mineral Resource at Lode 4, representing a180% increase to the global DSO Mineral Resource across the Peak Hill Iron Project.


AustSino Executive Director Michael Keemink said, “AustSino are pleased to report the 2021 MineralResource update for the Telecom Hill project in accordance with 2012 JORC Code. The updated resourceestimation of Lode 4 represents a significant increase to both the DSO and magnetite resources acrossthe Peak Hill Iron Project, and the extensive tenement holding provides great opportunity for furtherexploration success.”



The full announcement:
https://aust-sino.com/files/files/987_220._Telecom_Hill_Mineral_Resource_Estimate_Update_-_04Apr2022.pdf