Page 304 - Annual Report 2020
P. 304

Other Assets

          Mineral Resources
          As at 30 June 2020                                                                     As at 30 June 2019
                           Measured Resources  Indicated Resources  Inferred Resources  Total Resources  Total Resources
                                                                                           BHP
          Commodity   Ore        % K 2 O  % Insol.  % MgO  % K 2 O  % Insol.  % MgO  % K 2 O  % Insol.  % MgO  % K 2 O  % Insol.  % MgO  Interest    % K 2 O  % Insol.  % MgO
          Deposit    Type   Mt             Mt              Mt             Mt                 %    Mt
          Potash Project
          Jansen  (1) (2) (3) (4) (5)  LPL  5,230 25.6  7.7 0.08  –  –  –  –  1,280 25.6  7.7 0.08  6,510 25.6  7.7 0.08  100  6,510 25.6  7.7 0.08
          (1)   The Mineral Resources are stated for the Lower Patience Lake (LPL) potash unit. A seam thickness of 3.96m from the top of 406 clay seam was applied.
          (2)   25.6%K 2 O grade is equivalent to 40.5%KCl content using the mineralogical conversion factor of 1.583.
          (3)   %MgO is used as a measure of carnallite (KCl.MgCl 2 .6H 2 O) content where per cent carnallite equivalent = %MgO x 6.8918.
          (4)   Measured Resources grade has been assigned to Inferred Resources.
          (5)   Tonnages are reported on an in situ moisture content basis, estimated to be 0.3%.
          Mineral Resources
          As at 30 June 2020                                                                      As at 30 June 2019
                                            Measured    Indicated    Inferred
                                            Resources   Resources   Resources  Total Resources  BHP    Total Resources
          Commodity                                                                        Interest
          Deposit  (1)     Ore Type          Mt   %Ni    Mt   %Ni    Mt   %Ni    Mt   %Ni       %    Mt    %Ni
          Nickel West Operations
          Leinster  (2)    OC               3.0    1.1  8.0   1.0   0.70  1.2    12    1.1    100    9.3    1.4
                           Disseminated Sulphide  2.4  0.69  77  0.53  88  0.52  167  0.53           168   0.52
                           UG                16   2.0    12   2.0   4.3   1.9    32   2.0             31    2.1
                          Oxide               −    −      −    −     5.3  1.8    5.3  1.8            5.3    1.8
                          SP                  −    −    0.89  0.75    −    −    0.89  0.75           1.4    1.0
                          SP Oxidised         −    −      −    −     1.9   1.7   1.9   1.7           1.9    1.7
          Mt Keith  (3)    Disseminated Sulphide  133  0.54  67  0.52  24  0.52  224  0.53    100    225   0.53
                           SP                7.1  0.58    −    −      −    −     7.1  0.58           8.4   0.48
          Cliffs           Disseminated Sulphide  −  −  6.6  0.87    1.7  1.0    8.3  0.90    100    8.6   0.92
                          Massive Sulphide  0.94  3.6    1.1  3.7   0.53  3.7    2.6  3.7            2.5   3.8
          Yakabindie      Disseminated Sulphide  148  0.59  108  0.63  169  0.62  425  0.61   100   439    0.61
          Venus  (4)       Disseminated Sulphide  1.2  1.7  5.8  1.7  1.1  1.4   8.1   1.7    100    6.5    1.8
                           Massive Sulphide  0.058  6.2  0.75  6.4  0.28  6.1    1.1  6.3            1.5   6.2
          Nickel West Project
          Jericho          Disseminated Sulphide  −  −    −    −     31  0.59    31  0.59     50      31   0.59

          Ore Reserves
          As at 30 June 2020                                                                   As at 30 June 2019
                                             Proved     Probable
                                            Reserves    Reserves   Total Reserves  Reserve    BHP    Total Reserves  Reserve
          Commodity                                                             Life   Interest            Life
          Deposit  (1) (5) (6) (7) (8)  Ore Type  Mt  %Ni  Mt  %Ni   Mt   %Ni  (years)   %     Mt   %Ni  (years)
          Nickel West Operations
          Leinster  (9) (10)  OC            3.5   0.74   1.8  0.66   5.3  0.72   8.0   100     4.1  0.84    11
                           SP                 −    −    0.89  0.75  0.89  0.75                  −     −
                           UG                 −    −     5.1  1.6    5.1  1.6                  5.3   1.6
          Mt Keith  (11)   OC                65  0.57    19  0.55    84  0.57    15    100     88   0.57    12
                           SP               6.2  0.58  0.90  0.45    7.1  0.58                 8.4  0.48
          Cliffs  (12)     UG               0.10  1.9    1.0  2.0    1.1  2.0    4.0   100    0.45   2.0   0.9
          Yakabindie  (13)  OC               119  0.56   44   0.61  163  0.57    15    100    150   0.57    15
          Venus  (14)      UG                 −    −     9.3  1.5    9.3  1.5    13    100     2.1   2.7    7.0
























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