Emergent Resources Limited (ASX:EMG) Diamond Core Testwork Confirms Potential For High Grade Direct Reduction Iron Concentrate At Beyondie Iron Project
Testwork by way of Davis Tube Recovery (DTR) from diamond drill core from the Beyondie Project has confirmed the potential to produce a high-grade Direct Reduction (DR) quality magnetite concentrate with exceptionally low level detrimental impurities. Results of up to very high 72.8% Fe and very low 1.1% SiO2 show strong potential for an onsite plant to produce the highest quality DR concentrate of +68%Fe and less than 4% SiO2.
The significant advantage of DR grade magnetite feedstock is that the energy requirement is significantly lower than for Hematite during smelting and also that the impurity level of the feed is small. This means that little flux will be required in the smelting process and will result in an increase in the overall Fe grade of the burden.
DR grade is sold at a premium as it can lead to significant fuel and coke savings in the blast furnace in addition to enhancing productivity. Also the very low sulphur and phosphorus levels reduce pollution emissions - a significant factor for Chinese smelters.
Emergent has completed drilling 113 holes for 17,414.7 metres in October 2009, including 11 diamond core holes for advanced metallurgical testwork. Head grade assays were routinely completed over the prospective iron zones.
Davis Tube Recovery (DTR) determinations will be routinely used to evaluate the grade characteristics throughout the Beyondie deposit to determine potential product characteristics and assist the mining schedule. DTR's of 350 Reverse Circulation drill samples are in progress to provide wide coverage and are targeted for completion later first quarter.
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About Emergent Resources Limited
Emergent Resources Limited sees the present and foreseeable demand for resource commodities such as iron, base metals and precious metals remaining strong. Emergent’s strategy is to effectively define and develop the company's Beyondie Iron Project exploration in conjuction with existing strong geological and structural association of lead-zinc and copper-gold mineralised targets.
Emergent Resources Limited