JAPONESITA TENEMENT RESOURCE UPGRADE
47.0 MILLION TONNES AT 21.6% Fe
Headline Summary
• Japonesita Indicated and Inferred Resource Estimation increased by 5.0 million
tonnes to 47.0 million tonnes at 21.6% Fe;
• The mine is beneficiating ore as low as 9%, providing a potential indicated and
inferred resource of 66.2 million tonnes at 18.8% Fe.
• Environmental permitting for Japonesita/Japonesa/Mirador will enable expansion
of production to 3.9 million tonnes p.a.
• At a seven to one ratio using 18.8% iron ore, the mine is capable of producing
9.45 million tonnes of final product, giving this area at 2.0m tonnes per annum
nearly five years mine life and US$434m at 2007 benchmark prices.
The board of directors are pleased to advise that we have received the attached letter from
SRK, our Geological consultants in Chile, indicating a reserve upgrade at the JORC inferred
and indicated level for the tenement adjacent to our existing mine pit, Japonesita as follows:
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Mkt cap ! $14.66M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 437145 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.0¢ | 700049 | 4 |
View Market Depth
No. | Vol. | Price($) |
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2 | 437145 | 0.009 |
5 | 1350953 | 0.008 |
6 | 590102 | 0.007 |
6 | 1400000 | 0.006 |
8 | 2256449 | 0.005 |
Price($) | Vol. | No. |
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0.010 | 700049 | 4 |
0.011 | 1317430 | 3 |
0.012 | 201360 | 1 |
0.013 | 200000 | 1 |
0.014 | 200000 | 1 |
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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