Mineral Resource update for the Poochera Kaolin Project
An updated Mineral Resource estimate reported in accordance with the 2012 JORC Code and Guidelines has been completed for the Carey's Well deposit at Poochera in South Australia.
Carey's Well is one of several kaolin (+haloysite) prospects loacted within EL 5814 on the Eyre Peninsula.
Review of drilling and processing data has allowed reclassification of the previous 2004 JORC estimate of the Carey's Well "bright white" kaolin resource to 2012 JORC categorisation.
A resource increase from 16.3 million tonnes to 23.9 miliion tonnes of "bright white" kaolinised granite is estimated using an ISO Brightness R457 cut-off of 75 for minus 45 micron kaolin product.
The 23.9 million tonnes of in situ "bright white" kaolinised granite will yield 12.7 million tonnes of minus 45 micron quality kaolin product.
Planning and permitting for a large scale bulk sampling program for processing and end-user approvals has commenced.
Results from the HPA testing for a potential 4N HPA product are expected in August/September.
2012 JORC Resource Carey's Well
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