Reserve Statement

RESOURCE GEOLOGY

Avonbank is hosted by marine sands, interpreted to have been laid down in a lower energy, near shore setting. The orebody is approximately 8km in strike length by 4 km cross strike and is very well defined by over 1000 drill holes completed by WIM.

JORC COMPLIANT RESERVE STATEMENT

A Total Ore Reserve of 311.8 Million tonnes @ 4.3% Total Heavy Mineral (THM), including 220.4 Mt @ 4.4% THM at the Proven level of classification. The reserve estimate was completed in conjunction with leading industry experts Optiro Pty Ltd.

 

RESOURCE DEFINITION DRILLING - AVONABNK

 

TEST PIT - CONFIRMATORY OREBODY STUDIES

 

 

TEST PIT - HIGH GRADE CORE -ZIRCON BELT

 

 

 

RESOURCE DEFINTION DRILLING