IFM's Reserves and Resources
|
Reserves (Buffelsfontein) |
Reserves Buffelsfontein & Skychrome |
|
Tonnage |
Cr2O3 |
Cr:Fe
|
Tonnage |
Cr2O3 |
Cr:Fe
|
|
|
(kt) |
(%) |
ratio |
|
(kt) |
(%) |
ratio |
|
Proved |
9.363 |
30% |
1.08 |
Measured
|
19,880 |
38%
|
1.36 |
|
Probable |
3,653 |
32% |
1.16 |
Indicated |
30,992 |
37% |
1.35 |
|
|
|
|
|
Inferred |
37,593 |
37% |
1.36 |
|
Total Reserves |
13,016 |
30% |
1.10 |
Total Resources |
88,465 |
37% |
1.36 |
Source: SRK (15% geological losses applied to prove up Buffelsfontein resources)
and Geo-Consult International. Further evaluation of MG1 Resources for Skychrome
underway
IFM's chromite resource is sufficient to produce 530,000 tons of ferrochrome
per year for 40 years
|
