Page 29 - Sundance Resources Ltd Annual Report 2013

SUNDANCE RESOURCES LIMITED ANNUAL REPORT 2013 27
Figure 7: Itabirite Exploration Targets
Following the extensive mapping and evaluation of
numerous mineralised ridges on the existing tenure,
the geology team has also estimated an Itabirite
Hematite Exploration Target of 9.2 - 13.2Bt grading
30-50% Fe3 as illustrated on Figure 7 above.
This is a reflection of the fact that nearly all
topographic ridges in the immediate Project area
consist of enriched Itabirite Hematite which extend
deep below surface to depths of hundreds of metres.
This abundance of mineralised material provides a
very optimistic outlook for the long term nature of the
Project when the Stage Two beneficiation of Itabirite is
fully operational.
3 It must be noted that this range is an Exploration Target only,
and not to be misconstrued as an estimate of Mineral Resources.
The potential quantity and grade is conceptual in nature, that there
has been insufficient exploration to define a mineral resource and
that it is uncertain whether further exploration will result in the
determination of a mineral resource.