A unique ore body positioned to meet global demand
The Dubbo project holds a globally significant resource of light and heavy rare earths across a unique ore body comprising bastnaesite mineralogy and zirconosilicates. With an estimated initial ore reserve of 18.9Mt, a project horizon of 20 years, and a further 50 years of resource, this project represents an exciting progression for the future of critical minerals in Australia.
Dubbo Project Mineral Resources
| Resource Category | Tonnes (Mt) | ZrO2 (%) | HfO2 (%) | Nb2O5 (%) | Ta2O5 (%) | Y2O3 (%) | TREO* (%) |
|---|---|---|---|---|---|---|---|
| Measured | 42.81 | 1.89 | 0.04 | 0.45 | 0.03 | 0.14 | 0.74 |
| Inferred | 32.37 | 1.90 | 0.04 | 0.44 | 0.03 | 0.14 | 0.74 |
| Total | 75.18 | 1.89 | 0.04 | 0.44 | 0.03 | 0.14 | 0.74 |
*TREO% is the sum of all rare earth oxides excluding ZrO2, HfO2, Nb2O3, Ta2O5, Y2O3
Dubbo Project Ore Reserves
| Reserve Category | Tonnes (Mt) | ZrO2 (%) | HfO2 (%) | Nb2O5 (%) | Ta2O5 (%) | Y2O3 (%) | TREO* (%) |
|---|---|---|---|---|---|---|---|
| Proved | 18.90 | 1.85 | 0.04 | 0.440 | 0.029 | 0.136 | 0.735 |
| Probable | 0 | ||||||
| Total | 18.90 | 1.85 | 0.04 | 0.440 | 0.029 | 0.136 | 0.735 |
*TREO% is the sum of all rare earth oxides excluding ZrO2, HfO2, Nb2O3, Ta2O5, Y2O3
Note: This information is extracted from the Company’s ASX Announcement dated 29 July 2020 titled “Information Memorandum and Demerger Booklet”. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and that all material assumptions and technical parameters underpinning the Ore Reserves and Mineral Resource Estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not been materially modified from the original market.