Aguas Claras

Mineralisation estimates applied to 1,800 ha area.

Subsurface control to a depth of 10m, of which 8.5m bears heavy minerals in laterally continuous beds.

Mineral-bearing sands extend to 30m depth, of which 28.5m is deemed prospective.

Of the total 8,000 ha held by claims, an estimated 6,408 ha are underlain by mineral sands.

Volume estimate for mineralised zones, with tonnage estimated based on a SG of 1.4 is in the range of 214 million tonnes and 718 million tonnes, as shown in the table below.

Area [ha]1,8001,800
Depth [m]8.528.5
Volume (cubic metre) [cm] 153,000,000513,000,000
Mass [t]214,000,000718,000,000

Activities to date

  • Sampling
  • Petrographic studies
  • Metallurgical analysis of representative sample.

Planned Activities

  • Infill and stepout drilling
  • Further metallurgical analysis to evaluate recovery and concentrate grade in metallurgical testing facility.