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- CZR Resources (CZR) begins drilling at its Robe Mesa iron ore project in Western Australia’s Pilbara
- Reverse circulation drilling will be undertaken with an aim to increase the resources and reserves along strike to the north
- Infill drilling will also be undertaken to the south to upgrade the inferred resources to indicated to include in the ore reserve
- The results will be used in an updated mine plan and process plant design which is targeting an increased mine life and three million tonne per annum production rate
- Shares in CZR are up 6.67 per cent and are trading at 1.6 cents at 2:51 pm AEST
CZR Resources (CZR) has begun drilling at its Robe Mesa iron ore project in Western Australia’s Pilbara.
Reverse circulation (RC) drilling will be undertaken with an aim to increase the resources and reserves along strike to the north.
Infill drilling will also be undertaken to the south to upgrade the inferred resources to indicated to include in the ore reserve.
Once received, the results will be used in an updated mine plan and process plant design which is targeting an increased mine life and three million tonne per annum production rate.
“With both RC and diamond drilling underway at the same time, and with clear heritage and environmental parameters to work within, we can now develop our larger mine plan with more certainty,” Managing Director Stefan Murphy said.
“We’re excited to enter this new phase of the DFS and look forward to reporting our DFS updates and progress on our growth strategy to expand the mine life and production rate at Robe Mesa.”
Further, results from CZR’s recently completed metallurgical diamond core drilling program are being prepared for transport to Perth for metallurgical testwork.
The results will be used to finalise process plant flow sheet design, density measurements for resource and reserve updates, and bulk samples for sinter testwork and customer trials.
Shares in CZR were up 6.67 per cent and are trading at 1.6 cents at 2:51 pm AEST.
