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- Corella Resources (CR9) commences its sonic resource definition drill program at its flagship Tampu kaolin project near Beacon in Western Australia
- The drill program will total around a kilometre and consist of 50 to 80 sonic drill core holes to an average depth of 15 metres in select locations
- Further, the program is designed to upgrade the existing 24.7 million tonne inferred mineral resource into indicated and measured resources for conversion into reserves
- The reserves will be used to underpin a pre-feasibility study (PFS) for the project and have the deposit in mineable classifications
- Shares in Corella are up 2.38 per cent, trading at 4.3 cents at market close
Corella Resources (CR9) has commenced its sonic resource definition drill program at its flagship Tampu kaolin project near Beacon in Western Australia.
The drill program will total around a kilometre and consist of 50 to 80 sonic drill core holes to an average depth of 15 metres in select locations.
Further, the program was designed to upgrade the existing 24.7 million tonne inferred mineral resource into indicated and measured resources for conversion into reserves.
The reserves will be used to underpin a pre-feasibility study (PFS) for the project and have the deposit in mineable classifications.
Managing Director Tony Cormack said the drilling is progressing well and information gained from this round will allow the company to advance the project closer to production.
“We have Australia’s best resource of bright white purity kaolin which has been proven as excellent feedstock for HPA, and we intend to maintain our rapid development of the project towards production,” he said.
According to the company, the high purity white kaolin deposit at Tampu has extremely low levels of impurities which is critical to all existing markets and end user products.
The ultra-high purity distinguishes it as a leading kaolin project, particularly as feedstock for HPA applications.
Shares in Corella were up 2.38 per cent, trading at 4.3 cents at market close.
