Industrial Minerals Company – Al Ghazala

Al Ghazala Magnesite (Zarghat)

Aurum was engaged by Industrial Minerals Company (IMC), a subsidiary of the Saudi Arabian Mining Company (Ma’aden), to complete a revised resource estimation on the Al Ghazala Magnesite deposit at Zarghat.

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Aurum had previously been involved in a resource estimation for the project, in association with Golder Associates (Goncalves 2013).  The 2013 report was based on a 2011-12 drilling programme carried out by Ma’aden Exploration to provide infill drilling data over all the magnesite bodies at Zarghat to enable the reporting of the Resource and Reserves to JORC standards.  Earlier resource and reserve statements prepared for the deposit are not in accordance with current JORC requirements.

Aurum consequently worked with IMC to develop a further drilling programme, completed in 2014-15, aimed to infill the Central Hill and South Lens zones in support of a revised resource estimation to bring the resource from Inferred to Measured status under JORC 2012, as part of IMC’s on-going work to develop a new Reserve Statement in accordance with JORC standards and longer term mining plan for the project.