AI assistant
MINBOS RESOURCES LIMITED — Annual Report 2014
Dec 8, 2014
65355_rns_2014-12-08_4a7b81cf-38e4-4da3-9d70-acbfa36b281c.pdf
Annual Report
Open in viewerOpens in your device viewer
9 December 2014
ASX Code: MNB PERTH OFFICE Suite 1, 245 Churchill Avenue Subiaco WA 6008 T: +61 8 6270 4610 E: [email protected] W: www.minbos.com
ABN: 93 141 175 493
ASX ANNOUNCEMENT/MEDIA RELEASE
SUPPLEMENTARY INFORMATION-ANNUAL REPORT
Minbos Resources Ltd ( Minbos or the Company ) provides the following supplementary information in addition to what was disclosed in the Company’s Annual report for the year ended 30 June 2014:
1. MINERAL RESOURCES STATEMENT
The Company’s Mineral Resources Estimate as at 30 June 2014 and 30 June 2013 for its Phosphate projects reported in accordance with the 2012 Edition of the JORC code are as follows:
1.1 Mineral Resource Estimate as at 30 June 2014
| Deposit | Category | Tonnes (Mt) |
Grade **(% P2O5) ** |
Cut-Off **(% P2O5) ** |
Cut-Off **(% P2O5) ** |
|---|---|---|---|---|---|
| Cabinda, | |||||
| Angola | |||||
| Cacata | Measured | 5.0 | 23.0 |
5.0 | |
| Indicated | 10.2 | 25.3 |
5.0 | ||
| Inferred | 11.8 | 8.8 |
5.0 | ||
| Mongo Tando | Indicated | 24.8 | 11.5 |
5.0 | |
| Inferred | 184.0 | 8.0 |
5.0 | ||
| Chivovo | Indicated | 6.5 | 20.5 |
5.0 | |
| Chibuete | Inferred | 149.0 | 8.3 |
5.0 | |
| Total | 391.3 | 9.2 |
5.0 | ||
| Kanzi, DRC | |||||
| Kanzi | Indicated | 58.5 | 14.2 |
5.0 | |
| Grand Total | 449.8 | 9.9 |
5.0 |
ASX Code: MNB
9 December 2014
PERTH OFFICE Suite 1, 245 Churchill Avenue Subiaco WA 6008 T: +61 8 6270 4610 E: [email protected] W: www.minbos.com
ABN: 93 141 175 493
1.2 Mineral Resource Estimate as at 30 June 2013
| Deposit | Category | Tonnes (Mt) |
Grade **(% P2O5) ** |
Cut-Off **(% P2O5) ** |
Cut-Off **(% P2O5) ** |
|---|---|---|---|---|---|
| Cabinda, | |||||
| Angola | |||||
| Cacata | Indicated | 30.4 | 17.0 |
5.0 | |
| Mongo Tando | Inferred | 117.7 | 13.6 |
5.0 | |
| Chivovo | Inferred | 6.7 | 20.3 |
10.0 | |
| Chibuete | Inferred | 150.0 | 8.3 |
5.0 | |
| Total | 304.8 | 11.5 |
5.1 | ||
| Kanzi, DRC | |||||
| Kanzi | Indicated | 58.5 | 14.2 |
5.0 | |
| Grand Total | 363.3 | 11.9 |
5.1 |
1.3 Annual Review of Phosphate Resources
In October 2013 the Company reported an upgraded Phosphate Resource for the Cabinda Project in Angola (refer ASX announcement dated 16 October 2013). As a result of the annual review of the Company’s Phosphate Resources there has been no change to the Phosphate Resources reported since 16 October 2013.
1.4 Governance of Phosphate Resources
The Company engages external consultants and competent persons (as required by the JORC code) to prepare and calculate estimates of its Phosphate Resources. These estimates and underlying assumptions are reviewed by the Board and Management for reasonableness and accuracy. The results of the Phosphate Resource estimates are then reported in accordance with the JORC codes and other applicable rules.
Where material changes occur during the year to a project, including project’s size, title or exploration results or other technical information, then previous resource estimates and market disclosures are reviewed for completeness.
The Company reviews it Phosphate Resources as at 30 June each year. Where a material change has occurred in the assumptions or data used in previously reported Phosphate Resources, a revised resource estimate will be prepared as part of the Annual review process.
9 December 2014
ASX Code: MNB PERTH OFFICE Suite 1, 245 Churchill Avenue Subiaco WA 6008 T: +61 8 6270 4610 E: [email protected] W: www.minbos.com ABN: 93 141 175 493
1.5 Competent Person Statement
The information in this announcement, that relates to mineral resources has been reviewed and approved for release by Ms Kathleen Body, Pr.Sci.Nat, who has over 18 years of experience in mineral exploration and mineral resource estimation. Ms Body is a Principal Consultant and full-time employee of Coffey Mining (South Africa) (Pty) Ltd and contracted to Minbos. She has sufficient experience in relation to the style of mineralisation and type of deposit under consideration to qualify as a Competent Person as defined by the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" (The JORC Code 2012 Edition). Ms Body has consented to inclusion of this information in the form and context in which it appears.
ENDS
For further information please contact
Stef Weber For media enquiries contact: Company Secretary David Ikin – Professional Public Relations [email protected] [email protected] +61 (0) 8 6270 4610 +61 (0) 8 9388 0944
About Minbos
Minbos Resources Limited ( ASX:MNB ) is an ASX-listed exploration and development company focused on phosphate ore within the Cabinda Province of Angola and the adjoining areas of the far western DRC. Through its subsidiaries and joint ventures, the Company is exploring over 400,000ha of highly prospective ground hosting phosphate ore.
Minbos is focussing on the development of the high grade Cacata project in Cabinda whilst growing its current resource base in incremental stages on the remaining deposits in Angola.
The Company’s strategy is to specifically target the exploration and development of low cost fertiliser-based commodities in order to tap into the growing global demand for fertilisers. Phosphate is an essential component in certain agricultural fertilisers, with the market supported by the increasing global demand for food and biofuel products.
For more information, visit www.minbos.com