Page 20 - Sundance Resources 2014 Annual Report

18 SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2014
Location plan of the Iron Ore Deposits and Prospects within
the Mbalam-Nabeba Iron Ore Project
Total Itabrite Resources Tonnes
(Mt)
Fe
(%)
SiO2
(%)
AI2O3
(%)
P
(%)
LOI
(%)
Mbarga Deposit 2,325 38.0 44.4 0.5 0.04 0.4
Nabeba Deposit 1,722 33.9 42.5 2.7 0.05 2.6
Total Itabirite Resource 4,047 36.3 43.6 1.4 0.04 1.3
Mineral Reserves have not yet been estimated from the
Itabirite Resources for Stage Two of the Project.
MINERAL RESOURCES – ITABIRITE
The massive Itabirite Resources of 4.047 billion tonnes grading 36.3% Fe provide the
potential for a very long mine life for the Mbalam-Nabeba Iron Ore Project.
Following the conclusion of Stage One DSO production,
these Itabirite Resources could underpin Stage Two mining in
both Cameroon and Congo for at least a further 15 years.
Product derived from beneficiation of this
Itabirite ore body will have extremely low
contaminant levels of silica, alumina and
phosphorus. This potentially makes it an
ideal blend material for any additional high
or sub-grade resources that are discovered
that may not meet marketable specifications
as a standalone Deposit. Therefore, the
production of Itabirite will have the ability
to change the exploration model and
allow greater consideration to prospective
areas and potential acquisition or joint-
venture targets.
Itabirite mineralisation is extensive across
the entire Mbalam-Nabeba Iron Ore Project
tenement area and underlies the weathered
zone of most of the topographic ridges on
the permits. This has immense long term
potential once Itabirite processing and
production is brought on-stream.