Chromex Mining
Chromex Mining was established to develop a Chromite focused mining company. Chromex came to the market with The Mecklenburg Project, which contains two chromite reefs known as LG-6 and LG-6A. The LG-6 Units are the most important chromitite target in the Bushveld Complex as they combine both the most favourable chemistry and uniform thickness.
Analytical results from the LG-6 and LG-6A chromitite layers substantiate the geochemical continuity known throughout the explored area and indicate that the chromium grade is similar to that being mined elsewhere in the Bushveld Complex. Chromex is in the process of completing a Bank Feasibility Study on Mecklenburg.
Chromex Mining doubles chrome resource at Stellite Mine
Chromex Mining (AIM: CHX), the South African chrome mining company, announced that it had more than increased its SAMREC compliant resource estimate by 116% to 31.9 million tonnes of chromite at its Stellite chrome mine on the Western Limb of the Bushveld Complex in South Africa.
Chromex CEO Russell Lamming said, “We are delighted to have more than doubled the Stellite chromite resource estimate to circa 32 million tonnes increasing the Company’s total controlled resources by 72% to around 40 million tonnes. Despite the resource being included in the inferred category it is in fact being currently mined profitably. In addition to the significant increase in resources Chromex is now 100% SAMREC compliant which further underpins the robust nature of the Company’s projects. The Stellite project continues to excite us; we will now upgrade the inferred resources through additional drilling and look at the feasibility of developing the underground resources.”
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Other Chromex Mining articles
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17/09/08 Chromex Mining begins production at Stellite
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07/09/07 Chromex Mining gets the green light at Mecklenburg.
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30/10/06 Chromex Mining is Marching towards production.
Other Chromex Mining news
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21/11/08 Samancor goes to court over Chromex mining right at Mecklenburg, South Africa
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02/10/08 Chromex Mining ups production target at Stellite Mine
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23/05/08 Chromex Mining takes full control of Stellite project
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01/05/08 Chromex reshapes board of directors
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24/04/08 Chromex completes Stellite chrome mine acquisition
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10/03/08 Chromex Mining adds to management team
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07/03/08 Chromex gets all clear for Stellite acquisition
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14/08/07 Brian Moritz ups interest in Chromex Mining
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09/08/07 Chromex Mining more than doubles its chromite through acquisition
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14/06/07 Chromex completes £1.75 million placing at a premium to share price