REG - Rio Tinto - Increases to Mineral Resources and Ore Reserves <Origin Href="QuoteRef">RIO.L</Origin>
RNS Number : 9099QRio Tinto PLC03 March 2016Increases to Mineral Resources and Ore Reserves
3 March 2016
On 3 March 2016 Rio Tinto announced to the Australian Securities Exchange (ASX) increases in Ore Reserves in West Australian iron ore deposits and increases in Rio Tinto Coal Australia's Mineral Resources and Ore Reserves in New South Wales and Queensland.
These announcements were made in compliance with Chapter 5 of the ASX Listing Rules and the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, 2012 (JORC Code).
Copies of the announcements are available on Rio Tinto's website at: www.riotinto.com/mediareleases
As at the end of 2015, the estimated iron ore Ore Reserves increased by 309 million tonnes (Mt) after depletion from mining. The increases in iron ore Ore Reserves have been delivered as part of the ongoing resource development drilling program designed to maintain Ore Reserves coverage ahead of mining depletion rates. Increases in Ore Reserves are reported for:
Yandicoogina (Pisolite Ore) which has increased from 247 Mt to 642 Mt following the completion of feasibility-level studies within the Oxbow portion of the channel and prefeasibility-level studies for the Billiard South portion of the channel.
Brockman 2 (Brockman ore) which has increased from 62 Mt to 93 Mt due to additional drilling, modelling and mine planning studies within the existing operations.
West Angelas (Marra Mamba ore) which has increased from 185 Mt to 209 Mt due to the first time reporting of the Deposit F deposit, following the completion of a prefeasibility-level study.
As at the end of 2015, total coal Ore Reserves for all deposits increased from 2,106 Mt to 2,504 Mt. Increases in Ore Reserves are reported for:
Hunter Valley Operations (HVO) Ore Reserves which has increased from 581 Mt to 890 Mt.
Hail Creek Ore Reserves which has increased from 126 Mt to 253 Mt.
Total coal Mineral Resources exclusive of Ore Reserves have increased from 5,429 Mt to 6,805 Mt. Increases to Mineral Resources are reported for:
HVO Mineral Resources which has increased from 1,373 Mt to 1,831 Mt.
Warkworth Mineral Resources which has increased from 475 Mt to 613 Mt.
Hail Creek Mineral Resources which has increased from 172 Mt to 591 Mt.
Kestrel and Kestrel West Mineral Resources which has increased from 142 Mt to 306 Mt.
Winchester South Mineral Resources which has increased from 192 Mt to 356 Mt.
Mt Robert contains a maiden coal Mineral Resource estimate of 31 Mt.
The coal upgrades have resulted from a programme of orebody knowledge and strategic mine planning optimisation undertaken at Rio Tinto Coal Australia.
Mineral Resources and Ore Reserves are quoted on a 100% basis.
Contacts
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Media Relations, EMEA/Americas
Illtud Harri
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David Outhwaite
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David Luff
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John Smelt
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David Ovington
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Grant Donald
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Media Relations, Australia/Asia
Ben Mitchell
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Bruce Tobin
T +61 3 9283 3612
M +61 419 103 454
Matthew Klar
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M +61 457 525 578
Investor Relations, Australia/Asia
Natalie Worley
T +61 3 9283 3063
M +61 409 210 462
Rachel StorrsT +61 3 9283 3628
M +61 417 401 018
Rio Tinto plc
6 St James's Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in EnglandNo. 719885
Rio Tinto Limited
120 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404
This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCGIGDXXBGBGLX
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