Quarterly Activities Report
Melbourne, Jan 31, 2012 AEST (ABN Newswire) - Celamin Holdings NL (
ASX:CNL) is pleased to provide a quarterly report for the period ended 31 December 2011.
HIGHLIGHTS
Chaketma - Positive Exploration Results Reported
Drilling results include:
- CDHH-2011-003 : 24 metres at 19.8% P2O5- CDHH-2011-008 : 23 metres at 21.6% P2O5
- CDHH-2011-002 : 20 metres at 21.2% P2O5
Historic trench results:
- T6 : 39 metres at 22.4% P2O5
- T9 : 27.5 metres at 21.8% P2O5
- T1 :18 metres at 20.8% P2O5
- Well located 210 Kilometres from Export port
- Access to existing well located infrastructure and services;
- Positive Government and Community support at all levels;
- Attractive investment terms (5-year tax holiday) also applicable to BEA
Bir El Afou (BEA)
- Maiden Inferred Resource of 29Mt at 11.1% P2O5 at 7.5% P2O5 cutoff grade;
- High grade 30% P2O5 phosphate rock concentrate achievable at 150 micron grind;
- Additional exploration targets potential for 115 to 175 million tonnes phosphate at Kef Rebiba, BEA Blocks D, E, F and Majuoba;
- Good potential to increase grade, tonnage and improve mining factors during Delineation Phase;
- The major findings of the BEA PFS are applicable to the Chaketma Project, which has similar geology, mining, processing and infrastructure requirements;
- Access to existing well located infrastructure and services;
- BEA and Chaketma Projects could share process and infrastructure facilities reducing capital cost
To view the complete Celamin Holdings Quarterly Report, please refer to the following link below:
http://media.abnnewswire.net/media/en/docs/ASX-CNL-368518.pdf
Contact
Celamin Holdings NL
T: +61-3-9692-7222
F: +61-3-9529-8057
http://www.celaminnl.com.au
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