The ferrovanadium titanium (Ti-V-Fe) deposit occurs within the Archaean Barrambie Greenstone Belt, which is a narrow, north-northwest to south-southeast trending greenstone belt in the northern Yilgarn Craton. The linear greenstone belt is about 60 km long and attains a maximum width of about 4 km. It is flanked by banded gneiss and granitoids. The mineralisation is hosted within a large layered, mafic intrusive complex (the Barrambie Igneous Complex), which has intruded into and is conformable with the general trend of the enclosing Greenstone Belt From aeromagnetic data and regional geological mapping, it appears that this layered sill complex extends over a distance of at least 25 km into tenements to the north and south of M57/173 that have been acquired by Reed. The layered sill varies in width from 500 m to 1,700 m.

The sill is comprised of anorthositic magnetite-bearing gabbros that intrude a sequence of metasediments, banded iron formation, metabasalts and metamorphosed felsic volcanics of the Barrambie Greenstone Belt. The metasediment unit forms the hanging-wall to the layered sill complex.

Exposure is poor due to deep weathering, masking by laterite, widespread cover of transported regolith (wind-blown and water- borne sandy and silty clay), laterite scree and colluvium. Where remnant laterite profiles occur on low hills, there is ferricrete capping over a strongly weathered material that extends down to depths of 70 m.

Ti-V-Fe mine ........

Mining of the Barrambie deposit will be completed with conventional excavator and truck, supported by ancillary fleet with all works provided by a professional mining contractor including mobile plant, maintenance and drill and blast. The mining fleet was scoped utilising 250 t and 120 t excavators matched with 140 ttrucks. It is anticipated that all material will require drill and blast with an average powder factor of 0.33kg/bcm, increasing within the harder rock zones. Grade control drilling with angled reverse circulation drilling will be conducted as required. The orebody consists of multiple steep dipping lodes which will need to be mined selectively on 2.5m flitches within the central ore zones to minimise dilution and 5m flitches within the eastern ore zone and waste zones. Ore will be hauled to a central ROM and fed into the ROM bin using a front-end loader. Low grade ore will be stockpiled on the surface before rehandling to the ROM later in the mine life. Waste rock will be hauled to planned external waste rock landforms.

The life-of-mine strip ratio for the Ore Reserve pit design is 2.0:1 (waste:ore).

There is approximately one month of pre-production mining that supplies construction waste and ore feed for plant commissioning. Mining commences in both the north and south and ramps up to 12.0 Mtpa before reducing to approximately 10.0 Mtpa for the majority of the 12 year mine life. This mining rate allows low-grade ore to be stockpiled which ........

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