Resources
In 2019, Mine Extraction LLC conducted a preliminary geological and economic assessment of the Kapitanka chrome project. As a result, reserves of categories C1 and C2 were approved in the State Commission of Ukraine on Mineral Resources. The preliminary geological-economic assessment report data indicate the economic efficiency of developing chrome reserves, as well as high nickel and cobalt concentrations in the ore of the Kapitanka Project.
| Category [Site] | Tonnage, th.tons | Grade Cr2O3, % | Cr2O3, th.tons |
|---|---|---|---|
| C1 [Central] | 384.0 | 31.4 | 120.7 |
| C1 [South] | 2582.1 | 12.87 | 332.2 |
| Total: C1 | 2966.1 | 15.95 | 452.9 |
| C2 [South] | 521.4 | 22.36 | 116.6 |
| Total: C1+C2 | 3487.5 | 16.85 | 569.5 |
Models
Preliminary 3D model of the Kapitanka Project was created based on geological and analytical information in Micromine Software, and Cr2O3, Ni, Co and Fe resources were calculated.
