Aurox Resources Limited

Published : June 03rd, 2008

Balla Balla Ore Reserves Increase by 49 percent

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Australia | China | Diamond | Iron | Lead | Phosphate |

           

           

 

3 June 2008

e-lodgement

Company Announcements Office

ASX Limited

2 The Esplanade

PERTH WA 6000

 

ASX / Media Announcement

 

BALLA BALLA ORE RESERVES INCREASE BY 49 PERCENT

 

Pilbara iron ore developer Aurox Resources Limited (ASX: AXO) is pleased to announce it has increased the JORC compliant Ore Reserve Estimate at Balla Balla by 49 percent to 155 million tonnes.

 

Category

 Tonnes (Mt)

Fe (%)

V2O5 (%)

Proved

 102

45.1

 0.64

Probable

 53

45.4

 0.65

TOTAL

 155

45.2

 0.64

 

 

 

 

 

 

As announced 29 April 2008, the Mineral Resources for the Central Pit and the Eastern Block deposits were re-estimated by Golder & Associates Pty Ltd (?Golder?) to include new infill and extension

drilling undertaken between October and December 2007.

 

The updated resource models were delivered to Orelogy Pty Ltd for economic optimisation and calculation of new JORC compliant Ore Reserve estimates for these areas. The new Central Pit and

Eastern Block areas are now contained within a single pit design and their reserve numbers reported together. The new ?Central-East? Ore Reserves were added to the Western Pit Ore Reserve estimate to

increase the total reserves from 103 to 155 million tonnes grading 45% Fe and 0.64% V2O5.

 

The new Ore Reserve Statement set out by deposit is shown in Table 1 below.

 

Golder is now remodelling the Western Pit area to include infill and extension drilling completed between January and May of this year. This work will include the results from six deep Diamond holes received last month which demonstrate the strong geologic continuity of the deposit. See figure 2 below.

 

Managing Director Charles Schaus stated that ?the Ore Reserve at Balla Balla will continue to grow this year, with these latest results representing only about one third of the deposit?s full reserve potential.?

 

A map displaying the location of the various Balla Balla deposit areas is shown as figure 2 below.

 

Table 1 - Ore Reserve Statement

 

Deposit

Category

Tonnes (Mt)

Fe (%)

V2O5 (%)

Central -East

Proved

77.8

44.7

0.63

 

 Probable

17.4

45.0

0.64

 

 Total

95.2

44.8

0.63

 

 

 

 

 

Western

 Proved

23.7

46.4

0.66

 

 Probable

35.8

45.6

0.63

 

 Total

59.5

45.9

0.64

 

 

 

 

 

Total

 Proved

101.5

45.1

0.64

 

 Probable

53.2

45.4

0.65

 

 

 

 

 

Combined

TOTAL

154.7

45.2

0.64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes to accompany Ore Reserve Statement

 

1. Fe cut-off grade is a nominal 35%

2. Dilution of 3% at a diluted Fe grade of 38% is included.

3. Geological Mineral Resource Model ? Golder & Associates Pty Ltd, May 2007

 

The Balla Balla Mineral Resources was estimated by Mr Richard Gaze of Golder & Associates Pty Ltd. The Balla Balla Ore Reserves were estimated by Mr Steve Craig and Mr Ross Chaney of Orelogy Pty Ltd. Both

parties have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Persons as defined in the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Richard Gaze and Mr Steve Craig consent to the inclusion in this report of the above Resource and Reserve information in the form and context in which it appears.

 

For more information contact

Charles Schaus

Managing Director

Telephone 08 9382 4477

 

About Aurox

Aurox Resources Limited (ASX: AXO) is a Perth based metals developer with its primary asset the 100% owned Balla Balla iron ore concentrate project. The project is located near the coast west of Port Hedland in the

renowned Pilbara region of Western Australia. Aurox is well advanced in the development of Balla Balla, having commenced detailed engineering and securing orders for all long lead items such as crusher and mills. The

Company has in place two 15 year sales contracts for a total of 6 million tonnes per annum increasing to 10 million tonnes per annum concentrate production in year 5 with major Chinese Steel Companies.

 

Balla Balla is based on a large homogenous magnetite ore body, which will be developed as one of the lowest cost magnetite operations in Australia. The project also has significant titanium and phosphate potential, and is located near major ports, gas and grid power with main highway access. The Balla Balla Feasibility Study demonstrates strong project economics with magnetite iron ore shipments to China scheduled to commence in the second half of 2010 making Aurox Western Australia?s first magnetite producer.

 

Figure 1

 

Figure 2

 

 

 

***

The new Spam Act commenced on 10 April 2004. This Act is aimed at reducing the amount of unauthorised emails you receive.  You have been receiving e-mails containing information and news releases from us on behalf of our clients because you are an important contact of Purple Communications, a boutique stakeholder communications consultancy.   If you do not wish to receive such emails from Purple, please click mailto: purple@purplecom.com.au subject=UNSUBSCRIBE or reply to this email and put UNSUBSCRIBE in the subject line and we will not email you again.

 If you do not reply, we will continue sending you relevant news and information via email. However, all future emails will allow you to unsubscribe.

 

Issued by

Purple Communications

Level 3, 28 Kings Park Road, WEST PERTH WA 6005

Ph: 08 9485 1254     Fax: 08 6263 0455

purple@purplecom.com.au    

 



Message protected by MailGuard: e-mail anti-virus, anti-spam and content filtering.
http://www.mailguard.com.au/mg
 
 
Data and Statistics for these countries : Australia | China | All
Gold and Silver Prices for these countries : Australia | China | All

Aurox Resources Limited

DEVELOPMENT STAGE
CODE : AXO.AX
ISIN : AU000000AXO6
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Aurox Res. is a gold and copper development stage company based in Australia.

Aurox Res. develops gold, copper, iron, titanium and vanadium in Australia.

Its main asset in development is BALLA BALLA in Australia and its main exploration properties are INDEE SOUTHWEST and YALGOO WADGINGARRA & CARLAMINDA in Australia.

Aurox Res. is listed in Australia and in Germany. Its market capitalisation is AU$ 143.1 millions as of today (US$ 145.4 millions, € 114.0 millions).

Its stock quote reached its highest recent level on July 20, 2007 at AU$ 1.55, and its lowest recent point on December 19, 2008 at AU$ 0.07.

Aurox Res. has 196 044 413 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Project news of Aurox Resources Limited
7/1/2008(Balla Balla)(ASX: AXO) Aurox Delivers 46% Resource Increase at Balla Bal...
4/29/2008(Balla Balla)Balla Balla Mineral Resources Upgrade and Drilling Progress
1/25/2008(Balla Balla)MOVES TOWARD CONSTRUCTION AT BALLA BALLA - LUMP SUM CONTRACT...
1/16/2008(Balla Balla)BALLA BALLA EXPLORATION UPDATE - DRILLING TARGETS SIGNIFICAN...
Corporate news of Aurox Resources Limited
9/4/2009Secures $10m Equity Placement Facility
6/23/2008(ASX: AXO) Advances with Major Port Agreement
6/3/2008Balla Balla Ore Reserves Increase by 49 percent
5/16/2008Accelerates Balla Balla Phosphate Study
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
AUSTRALIA (AXO.AX)BERLIN (DR4.BE)
0.730+3.55%0.0000
AUSTRALIA
AU$ 0.730
08/13 00:56 0.030
3.55%
Prev close Open
0.700 0.715
Low High
0.715 0.735
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.730 -%
Volume 1 month var.
253,722 -%
24hGold TrendPower© : 22
Produces
Develops Iron - Titanium - Vanadium
Explores for Aluminum - Copper - Gold - Iron
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/5/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 6.98-1.48%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.29-1.72%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 3.34+0.60%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.58-1.69%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.14+45.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 2.69-1.10%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 7.48+2.75%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.25-1.96%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.36+2.90%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.04-3.77%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 63.58+0.02%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :