Bushveld Minerals Limited today announced on the London Stock Exchange a JORC Compliant Mineral Resource upgrade on the P-Q Deposit at its Bushveld Iron Ore Project in Limpopo Province, South Africa.
Highlights:
Additional 221 Mt of Inferred Mineral Resource iron ore (“Fe”) on the P-Q Zone, from farms Schoonoord 786LR and Bellevue 808LR; Total Inferred and Indicated Mineral Resource for the Bushveld Iron Ore Project has increased to 991 Mt, which includes 52 Mt (at a 40% Fe2O3 cut-off) on the Main Magnetite Layer (“MML”), representing an overall 29% increase in the resource from a previous 770 Mt.
