Bellzone unveils resource increase at Kalia

Bellzone Mining unveiled a 74% increase in the inferred JORC oxide resource at its wholly-owned Kalia Mine in Guinea.

The resource has been increased from 111 million tonnes grading at 38% iron to 193 million tonnes grading 38.6% iron.

Chief executive of the AIM-listed miner, Nik Zuks, said in a statement: "Today's increase has been established only a matter of months after we announced our maiden oxide JORC resource. This increase continues to underpin the Kalia oxide product potential."

An additional Supergene banded iron formation (SBIF) inferred JORC resource of 92.5 million tonnes has also been identified. The resource is friable and initial metallurgical testwork has shown the material to readily upgrade to a product with an average grade of +63% iron, the company added.

The two products that can be developed from the oxide and SBIF zones have provided Bellzone with an opportunity to assess producing a blended product.

Current testwork suggest a blend of 30% SBIF and 70% oxide product would create a blended product that will meet market expectations.

"The flexibility to blend these products to produce a high-quality product continues to increase the value of the project outcomes. I am confident our ongoing oxide resource development programme will continue to deliver as expected," Zuks added.

The company's ongoing oxide development plan continues to target 1.5 billion tonnes of oxide resource from five key target areas.

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