Minbos Resources (ASX: MNB) is focused on the Cabinda phosphate project which covers an extensive 400,000 hectare across Angola and the DRC.
An Exploration target (confirmed by Coffey Mining Pty Ltd) of 333 million tonnes to 538 million tonnes with grades reported historically of around 10% to 20% of phosphate bearing material located within the Angolan licence area.
Minbos Resources (ASX: MNB) has boosted the company’s phosphate JORC Inferred Resource to 117 million tonnes at an average grade of 13.6% at the Mongo Tando ore body within the Cabinda Project in Angola.
The resource upgrade represents a 61% increase in tonnage and a 9% increase in grade compared with the initial estimate announced in February this year, and was conducted by Coffey Mining.
The company drilled 134 air core drill holes for 6,700 metres at Mongo Tando with 1,010 whole rock assays covering an array of major elements.
Highlights from the recent drill program at Mongo Tando Central include:
- 4 metres at 20.39% phosphate, 4.32% iron oxide, 28.83% calcium oxide, 36.13% silicon dioxide, 3.84% aluminium oxide and 0.28% magnesium oxide; and
- 14 metres at 19.21% phosphate, 1.33% iron oxide, 24.68% calcium oxide, 42.89% silicon oxide, 4.40% aluminium oxide, 0.19% magnesium oxide and 20.98 cadmium.
Peter Richards, executive chairman, said “This update of our Maiden Inferred Mineral Resource is a good result for Minbos and an important milestone for the Cabinda project.
"It demonstrates the potential of defining a large resource in Cabinda which will provide the basis for Feasibility Study work planned for the second half of 2011.”
Minbos has also completed initial air core drilling at the Ueca Project within Cabinda, with results pending.
The company expects drilling to recommence next month in the Cacata Project area with the Chibuete Project area to be the last of phosphate occurrences to be drilled.
Cabinda is located within 80 kilometres from the town of Cabinda via newly re-surfaced roads.