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- CZR Resources (CZR) passes another milestone in its plans to expand the mine life at its Robe Mesa iron ore project in WA’s Pilbara
- The company receives heritage clearance for the northern extension of the deposit — an area that sits along strike of the 37.5-million-tonne mineral resource
- With the clearance now in hand, CZR says it will fast-track drilling at the northern extension of the zone to incorporate it into an expanded mineral resource estimate
- Field activities are scheduled to resume in the area after significant rainfall in May
- CZR Resources is down 13.33 per cent and trading at 1.3 cents at 11:40 am AEST
CZR Resources (CZR) has passed another milestone in its plans to expand the mine life at its Robe Mesa iron ore project in WA’s Pilbara.
The company has received heritage clearance for the northern extension of the deposit — an area that has been previously untouched and sits along strike of the 37.5-million-tonne mineral resource.
With the clearance now in hand, CZR said it would fast-track drilling at the northern extension of the zone to incorporate it into an expanded mineral resource estimate and ore reserve update.
The company will also undergo reverse circulation drilling at the south end of the Robe Mesa deposit to update the resource classification of the lower channel iron deposits (CID) from the inferred to the indicated category.
CZR Managing Director Stefan Murphy said the heritage clearance paved the way for increased returns for all Robe Mesa stakeholders.
“By working in close collaboration with the traditional owners, we are well-positioned to continue growing the Robe Mesa project, increasing its mine life and forecast production rate to benefit all stakeholders,” Stefan Murphy said.
“It is also interesting to note the increased activity on our southern boundary, where Rio Tinto is undertaking extensive site works ahead of drilling.”
With field activities now resuming after significant rainfall in May, CZR said it anticipated rapidly expanding its mineral resource into the northern extension.
CZR Resources was down 13.33 per cent and trading at 1.3 cents at 1:26 pm AEST.
