Sarmin Bauxite reportedly completes an independent MRE at Lelouma, Republic of Guinea

A privately-owned bauxite company Sarmin Bauxite Limited has reportedly announced the completion of an independent Mineral Resource Estimate (MRE) on its own bauxite exploration license (Lelouma Licence) located in the Republic of Guinea, West Africa.

The MRE is estimated and prepared by SRK Consulting (UK) Limited (SRK) in accordance with the terms and guidelines of the Australian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves, the JORC Code, 2012 Edition (JORC).

The MRE outlines a total JORC Compliant Bauxite Mineral Resources of approximately 1 billion tonnes at 44.9 per cent Al2O3 and 2.1% SiO2. Further classification breakdown is as follows:

• Indicated Mineral Resource of 983 million tonnes (44.9% Al2O3, 2.1% SiO2); and;
• Inferred Mineral Resource of 19 million tonnes (44.9% Al2O3 and 1.9% SiO2).

 Now, Sarmin will reportedly progress with a multi-disciplinary technical study to validate the viability of the development of the Lelouma bauxite project in respect to commercial production. The study will include the assessment of the economic feasibility of a bauxite-export project and also the environmental and social evaluations of mining, geotechnical engineering, infrastructure, logistics, and water management.

Sarmin intends to apply for an exploitation concession only after it completes the technical study and related works, according to the report.

Marc Sengès, CEO of Sarmin Bauxite Ltd, commented: “The independent Mineral Resource Estimate prepared by SRK confirms the significant near-term development potential of the Lelouma License to become a world-class bauxite producing asset with just over a billion tonnes of high-quality bauxite mineral resources. Further to this important milestone, Sarmin is now fully committed and focused on progressing the required technical studies to validate the development of the sustainable commercial project.”