- Dominion Minerals (DLM) releases a maiden mineral resource estimate (MRE) for the Georgia Lime Project in south-west Georgia
- It comprises of 19.7 million tonnes of high calcium limestone at 97.1 per cent calcium carbonate and 7.7 million tonnes of limestone at 87.74 per cent calcium carbonate
- Roughly 83 per cent of the mineral resource is classified as indicated while the remainder is inferred
- Work has now begun to incorporate the MRE into initial technical studies to evaluate mining and processing scenarios at the project
- Dominion is up 2.35 per cent on the market with shares trading at 8.7 cents
Dominion Minerals (DLM) has flagged the potential for a long-life, low-cost limestone mining operation, with the release of a maiden mineral resource estimate (MRE) for the Georgia Lime Project in the US state of Georgia.
The MRE comprises of 19.7 million tonnes of high calcium limestone at 97.1 per cent calcium carbonate and 7.7 million tonnes of limestone at 87.74 per cent calcium carbonate.
The company says the calcium limestone has the potential for sale into industrial, chemical and agricultural markets while the limestone has the potential for sale for the production of concrete in the civil and construction markets.
Roughly 83 per cent, 22.7 million tonnes, of the mineral resource is classified as indicated while the remainder is inferred.
Work has now begun to incorporate the MRE into initial technical studies to evaluate mining and processing scenarios at the project.
This work is being undertaken by North American engineering firm Marshall Miller & Associates.
“The delivery of a large, near-surface high calcium limestone mineral resource estimate provides an excellent baseline for Dominion to explore the development of a long-life, low-cost limestone mining operation in an infrastructure rich region with significant baseload demand for limestone products,” Executive Director Dominic Allen said.
“We are very pleased to have the platform to progress technical studies
to evaluate potential mining and processing scenarios for a leading US limestone operation.”
Dominion was up 2.35 per cent on the market with shares trading at 8.7 cents at 1:49 pm AEDT.