Altura Mining gains Project understanding with Resource update
Improved Project understanding with Resource update
Altura Mining is building a leading position in the independent supply of lithium raw materials, with a world class lithium project at Pilgangoora ready to set the platform and be the first new hard rock supplier in 2017. The company has completed a Definitive Feasibility Study in 2016 with production expected to commence early 2018.
To ensure Altura was well placed to raise the capital required to progress the project, an up-to-date Ore Resource and Reserve was required. The board required a credible and independent consulting group to work with in updating the existing resource at the completion of an in-fill drilling campaign. The Altura Competent Person had an excellent understanding of the geology in the field, but required assistance to create the model to produce a robust and reliable estimate.
In addition, there was a requirement for local consultants, as Altura Mining is Perth based and it was considered important to communicate face-to-face when collaborating on the new geological model.
Altura engaged Cube Consulting to update the resource model. The first stage was to create a complete new geological model to ensure there was good understanding of the physical shape of the orebody. The next stage was to create a model that best represented the orebody. Altura and Cube chose the Local Uniform Conditioning (LUC) method to build a representative model.
Stephen Barber (Altura) worked closely with Rick Adams (Cube) over a number of visits where the two were able to collaborate from neighbouring offices. This allowed face-to-face teamwork whereby both client and consultant could share their experience for a positive result. Stephen had all the field experience and Rick was able to provide the scientific input to ensure the interpretation and subsequent model honoured the geology.
The geostatistical method recommended by Cube has proved robust and, combined with the new geological model has delivered a clearer understanding of the orebody.
There was a positive collaboration between Altura and Cube resulting in an improved understanding of the geology of Pilgangoora project.