Annual Report to shareholders
Perth, Sep 23, 2022 AEST (ABN Newswire) - During the year Corella Resources Ltd (ASX:CR9) focused on advancing its 100% wholly owned flagship Tampu Kaolin Project with several significant milestones being achieved throughout the year.
5N+ Al2O3 (99.99957%) Purity Achieved
On 30 June 2022, the Company to announced it has attained HPA ("High Purity Alumina") status by achieving 5N+ (99.99957%) on a 25kg representative bulk composite sample from its Tampu Project.
Previous outstanding metallurgical results combined with 5N+ purity have confirmed Tampu as Australia's largest and premier specification bright white kaolin deposit, particularly as feedstock for HPA applications.
The Mineral Resource yields 13.1Mt of high-grade low impurity bright white kaolin product in the minus 45-micron recovered fraction, with the remaining approximate 48.8% of material being largely residual quartz derived from the weathered granite. The Company plans to complete further studies and determine if this residual quartz material has potential as a by-product for use in the construction and building industry.
The 24.7Mt Tampu Kaolin Deposit is located within the 100% owned exploration licences E70/5235 and E70/5214. The maiden resource has significant potential to grow, given the 446% increase in the Company's landholdings at Tampu since listing, and that the shallow kaolin mineralisation is close to surface (average <4 m from the surface) and open in all directions. The maiden resource covers only 0.15% of the entire Tampu Project area.
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About Corella Resources Ltd
Corella Resources is an Australian exploration company listed on the Australian Securities Exchange (ASX:CR9). Corella Resources is focussed on exploration and development of their 100% owned Tampu, Wiltshire and Kalannie kaolin projects along with the 100% owned Bonnie Rock silica project. All 4 projects are located in the mid-west of Western Australia.