Kula Gold Limited (ASX:KGD) a has revealed the maiden Mineral Resource Estimate for the Boomerang Kaolin Deposit near Marvel Loch/Southern Cross, Western Australia.
The independent JORC 2012 compliant resource estimate reports a total resource of 93.3million tonnes of Kaolinized Granite, which is made up of indicated resource of 15.2mt and an inferred resource of 78.1mt.
The orebody is open laterally in all directions.
The Boomerang Kaolin Deposit was first discovered in July 2021 testing a Boomerang shaped feature in the magnetics. The company then implemented a comprehensive drill programme, within 12 months Kula has converted a discovery drillhole to a maiden resource of scale. This has been completed on a capex of ~A$1.2m.
Commercialisation studies on the Boomerang Kaolinite Project have identified and advanced Metakaolin production for the Green Construction Industry. A new wholly owned subsidiary Boomerang Kaolin Pty Ltd has been incorporated.
The use of Metakaolin as a replacement for approximately 15% of cement in concrete production has many benefits. For every residential house built using 100t of concrete, there is a reduction of ~8t in carbon dioxide (CO2) emissions.
In addition, improvements have been identified in many concrete properties, such as increased “early and “cured” strength, increased flexural strength, increased concrete density, reduced porosity (which leads to a lower temperature during hydration and therefore, less shrinkage and cracking), less permeability (which leads to reduced risk of concrete cancer) and greater durability, all for nominal additional cost.
Study work to date suggests that the Boomerang Kaolin mineralisation supports the development of a shallow open-pit long life mine, combined with industry-standard processing technology.
The deposit remains open laterally in all directions and logistics are exceptional, as indicated below, being a tar road through the tenement within 4km of the deposit, and the Marvel Loch townsite 5km, and rail siding at Southern Cross 43km.
The Boomerang project team continue to work on the commercialisation process, metallurgical studies, and with consultants and regulators to progress the agreements and approvals required for any future development. Further details will be reported as material advancements are achieved.
