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Mineral Resources and Reserves
Defined Mineral Resources and Ore Reserves across Australian Mines’ project portfolio
Australian Mines’ portfolio includes gold and critical metals projects with defined Mineral Resources and, in the case of Sconi, Ore Reserves that support the Company’s strategy of combining near-term discovery potential with longer-term development opportunities across gold, nickel, cobalt and scandium.
All Mineral Resources and Ore Reserves are reported in accordance with the relevant reporting codes and are subject to further exploration, technical studies and economic assessment.
Mineral Resources
Boa Vista Gold Project (Brazil)
Resource Type: Historical Inferred Resource (NI 43-101)
| Category | Tonnes | Grade | Contained Metal |
|---|---|---|---|
| Inferred | 8.47 Mt | 1.23 g/t Au | ~336,000 oz Au |
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Reported at a 0.5 g/t Au cut-off
-
Mineralisation remains open along strike and at depth
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Resource currently defined at the VG1 prospect only
-
Multiple additional exploration targets identified
Flemington Project (NSW, Australia)
Resource Type: JORC (2012) Mineral Resource
| Category | Tonnes | Grade |
|---|---|---|
| Measured + Indicated | ~6.3 Mt | ~446 ppm Sc |
| Additional mineralised envelope | ~28 Mt | Lower-grade scandium mineralisation |
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High proportion of Measured and Indicated material (~98%)
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Near-surface mineralisation
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Resource supports ongoing development studies
Sconi Project (Queensland, Australia)
Resource Type: JORC (2012) Mineral Resource
| Category | Tonnes | Nickel | Cobalt |
|---|---|---|---|
| Measured + Indicated + Inferred | 75.71 Mt | 0.60% Ni | 0.08% Co |
-
Laterite-hosted nickel-cobalt deposit
-
Resource underpins long mine life
-
Advanced feasibility-level technical work completed
Ore Reserves
Sconi Project (Queensland, Australia)
Reserve Type: JORC (2012) Ore Reserve (2019 Feasibility Study)
| Category | Tonnes | Nickel | Cobalt |
|---|---|---|---|
| Proved + Probable | ~63.8 Mt | ~0.58% Ni | ~0.07% Co |
-
Ore Reserve supports ~30-year mine life
-
Based on 2019 Feasibility Study
Additional Information
Mineral Resource and Ore Reserve estimates are extracted from previously reported announcements and technical reports. Readers should refer to original announcements for full details, assumptions and reporting criteria. No Ore Reserves are currently declared for Boa Vista or Flemington.