proactive investors AUSTRALIA
Ord River Resources quadruples JORC Resource at Laos bauxite project
Edited by : AL CIRCLE
1 min read
Ord River Resources has delivered a 300% increase in the JORC Resource at its bauxite/alumina project in Laos to 77 million tonnes at a 10% cut off, providing a significant boost to the emerging large-scale alumina developer.
SRK Consulting completed the JORC Resource calculation for the SARCO LSI tenement, which is 49% owned by Ord River and 51% owned by China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (NFC).
Importantly, the deposit is good quality with a low Silica content of 2.3%, with 29 million tonnes, or 37% of the upgraded Resource, in the higher confidence Measured category.
Peter Shou, Ord River’s managing director, said “this significant increase in both quantity and quality underpins our confidence in the SARCO project, and reaffirms our commitment to developing a 600,000t alumina refinery in Laos.”
Ord River is bullish that SARCO will develop the project into a world class alumina refinery with bauxite potential estimated to be to 2 billion tonnes.
The alumina price is projected to rise to reflect a fundamental upward shift in long term demand curve. Fast growing nations including China demand alumina to supply their growing manufacturing base.
SRK Consulting completed the JORC Resource calculation for the SARCO LSI tenement, which is 49% owned by Ord River and 51% owned by China Nonferrous Metal Industry’s Foreign Engineering and Construction Company (NFC).
Importantly, the deposit is good quality with a low Silica content of 2.3%, with 29 million tonnes, or 37% of the upgraded Resource, in the higher confidence Measured category.
Peter Shou, Ord River’s managing director, said “this significant increase in both quantity and quality underpins our confidence in the SARCO project, and reaffirms our commitment to developing a 600,000t alumina refinery in Laos.”
Ord River is bullish that SARCO will develop the project into a world class alumina refinery with bauxite potential estimated to be to 2 billion tonnes.
The alumina price is projected to rise to reflect a fundamental upward shift in long term demand curve. Fast growing nations including China demand alumina to supply their growing manufacturing base.
Previous article
Orissa gives nod to NALCO for new bauxite mine
Next articleSuralco signs bauxite mining contract with Royal Boskalis
Grow with
AL Circle
