WESTERN AUSTRALIA HEAVY MINERAL SANDS (SER 100%, Western Australia)
In late 2015, SER identified a significant opportunity to secure several advanced heavy mineral sands exploration projects in Western Australia. SER lodged Exploration Licence applications covering these historic prospects; these applications have now been granted.
The West Australian Government has identified the historic prospects as “Strategic Mineral Resources Protection Areas” and informed planning agencies to protect the deposits from conflicting land uses until mining is complete. SER believes this presents a unique opportunity to potentially develop these prospects. The region is already host to multiple operating heavy mineral sands mines.
SER has produced, and then upgraded, a JORC 2012 Inferred Mineral Resource of 11.2.Mt grading 5.1% Heavy Minerals for a total Heavy Mineral content of 569,000t. The resource is calculated with a low grade Heavy Mineral cut-off of 3% and Slimes cut off of <22%. The heavy mineral assemblage at Ambergate includes: 73% ilmenite (average TiO2 content of 58.7%), 12% leucoxene, 12% zircon, 0.6% monazite and 2% other minerals.