Ord River Resources announced a step JORC Resource increase at the Company’s flagship bauxite and alumina project SARCO in Laos.
Mr Peter Shou MD of Ord River said that SRK Consulting completed a JORC Resource calculation for ORD’s LSI tenement reporting 300% increase from 19 MT previously to 77 MT. Importantly, the deposit is good quality with a low Silica content of 2.3% and some 29 MT or 37% of the upgraded Resource is in the higher confidence Measured category.
He said that this significant increase in both quantity and quality underpins our confidence in the SARCO project, and reaffirms our commitment to developing a 600,000t alumina refinery in Laos. SRK Consulting is in the process of completing its JORC Resource report on Yuqida the second SARCO tenement and we look forward to its upgrade which we expect to report in the current quarter.
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