Atlas Consolidated Mining Corporation plc
Minesite - Informed comment and independent mining news
Investika Ltd
London Stock Exchange
| Term | Definition |
|---|---|
| Co | Cobalt |
| Ferronickel | A nickel rich iron alloy used in the manufacture of steel. The percentage of nickel varies from 35% - 45%, the balance being iron |
| Grade | The relative quantity or the percentage of ore mineral or metal content in an orebody |
| Heap Leaching | The construction of large heaps of crushed ore on an impermeable layer and the addition of agents such as sulphuric acid to dissolve the metal constituents |
| Hydrometallurgy | The treatment of ores, concentrates, and other metal bearing materials by wet processes, using the solution of some component, and its subsequent recovery from solution |
| Indicated | That part of the mineral resource for which tonnage, densities, shape, physical characteristics, grade and mineral content can be estimated with reasonable confidence from exploration, sampling and testing information |
| Inferred | That part of a mineral resource for which tonnage, grade and mineral content can be estimated with a low level of confidence from geological evidence and assumed continuity |
| Laterites | Laterite is a surface formation in tropical areas which is enriched in iron and aluminium and develops by intensive and long lasting weathering of the underlying parent rock. |
| Leach | To dissolve into a liquid phase, metals such as nickel, cobalt and iron using sulphuric acid as the leach medium |
| Limonite | Hydrated oxides of iron with poor crystalline characteristics |
| Measured | That part of a mineral resource for which tonnage, densities, shape, physical characteristic, grade and mineral content can be estimated with a high level of confidence from exploration, sampling and testing information |
| Metamorphosed | The action by which an existing rock is altered by mineralogical, chemical and structural adjustments in response to changes in temperature, pressure or shearing stress |
| Mt | Million tonnes |
| Nickel | Nickel is silvery white in colour, melting at 1453oC. It is hard, malleable, ductile, has magnetic properties and is a fair conductor of heat and electricity. |
| Oxide | A compound of oxygen with another element |
| Probable | The economically mineable part of an Indicated mineral resource, which will include diluting materials and allowances for losses which may occur when the mineral is mined |
| Proven | The economically mineable part of a Measured mineral resource, which will include diluting materials and allowances for losses which may occur when the mineral is mined |
| Pyrometallurgy | The winning or refining of metals in which heat is used, as in roasting and smelting |
| Tectonic | Relating or pertaining to the processes involved in movement of the plates that make up the Earth's crust |

