The project, if approved by the Sri Lankan authorities and proceeded with by the company, can be expected to contribute economically and socially to the country, including direct and indirect employment; the introduction of new mining, processing and industrial technology to Sri Lanka, as well as high value export products generating material foreign exchange revenues for the country. Iluka is also committed to working with stakeholders to identify opportunities to contribute to the social development of communities.
The information in relation to the Mineral Resources for Sri Lanka has been separately reported in an announcement to the Australian Securities Exchange (ASX) on 5 August 2013, Acquisition of Sri Lankan Tenement and Heavy Mineral Resource Base, which complies with the guidelines of the 2012 JORC Code.
* Issued capital wholly owned by Iluka Lanka PQ (Pvt) Ltd
|Mineral Resources, Sri Lanka (Coco and PQ deposits)
|Heavy Mineral (HM)
|| 56.3 million tonnes
||Ilmenite 67%; zircon 4%; rutile 4%