RE: RNS great news TBS21 Mar 2019 10:50
Bloody website keeps crashing !
I'm not an ilmenite expert but i'd say we're looking good
From 2017 TBS RNS:
Alba’s Executive Chairman, George Frangeskides, commented:
“These results are excellent and fully justify our decision to move into the heavy
mineral sands arena with our 100% owned Thule project. Compare the weighted
average Total Heavy Mineral content of 46.7% at our Thule project with a number of
advanced mineral sands projects around the world – Mutamba (3.9% THM), Moma
(3.2% THM), Iluka (7% THM as an average across their projects) and the comparison
is a very favourable one.”
“Of course the most obvious comparison to make is with the Dundas Project being
rapidly advanced by AIM-listed Bluejay Mining Plc (current market capitalisation
approximately £187 million) just a few kilometres from our Thule Project. Bluejay’s
current JORC inferred resource is 23.6mt grading 34.5% THM and bearing 8.8%
ilmenite in-situ with a high-grade zone of 7.9mt grading 14.2% ilmenite. While we
are not yet in a position to quote JORC compliant resource figures at Thule, our verified
assay results, collected over a large sample area, which confirm a THM content of
46.7% and an in-situ ilmenite content averaging 10.0% and ranging from 5.7% to
14.9%, certainly do not suffer by comparison against Bluejay’s figures.”