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Exciting New Iron Ore Projects. Cascades Project Area. Motjoli Resources. Mkhombi Mining. Aquila Steel. Stratigraphic Setting. THE CASCADES IRON ORE PROJECT Mpumalanga Province South Africa. SATELITE IMAGE. 14.5km. Mixed land-use: forestry and grassland. TENEMENTS/ PROSPECTING RIGHTS.
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Exciting New Iron Ore Projects Cascades Project Area Motjoli Resources MkhombiMining AquilaSteel Stratigraphic Setting
THE CASCADES IRON ORE PROJECTMpumalanga ProvinceSouth Africa
SATELITE IMAGE 14.5km Mixed land-use: forestry and grassland
TENEMENTS/ PROSPECTING RIGHTS PROSPECTING RIGHTS GRANTED
LOCAL GEOLOGY Drillholes
EXPLORATION HISTORY • Exploration by ISCOR in the 1980s • Two magnetite layers defined • Upper Layer 10-20m thick • Lower Layer 20-25m thick • Recoverable Reserves estimated by ISCOR are 450Mt @ 31.8% Fe (non SAMREC compliant) • Milling to -20 microns • Beneficiation to produce +67.3% Fe concentrate at yields of 37.5%
POTENTIAL RESOURCE BLOCKS Block 6 Block 5 Block 4 Block 1 Block 3 Block 2
MKHOMBI EXPLORATION PROGRAMME • Review Previous Work • Validate Mineral Resources Estimates • 10 000m drilling programme • Logging, sampling & analytical works • Metallurgical testwork • Establish SAMREC compliant mineral resource • Target 400Mt indicated resource and 350Mt inferred resource to a depth of 200m • Conceptual Economic Study