Sundance announces 1.2 billion tonne itabirite inferred resource

Initial Itabirite Inferred Resource at Mbarga Sundance Resources Ltd has announced....

Initial Itabirite Inferred Resource at Mbarga Sundance Resources Ltd has announced an initial JORC-Code compliant Inferred Mineral Resource of 1.2 billion tonnes of Itabirite hematite (average grade of 38% Fe) at the Mbarga Deposit within its 90%-owned Mbalam Iron Ore Project in Cameroon, West Africa.This Inferred Resource is at the upper end of the previously announced target for the Mbarga Deposit. Ongoing evaluation has enabled the Company to upgrade its Itabirite Exploration Target to between 1.6 and 1.8 billion tonnes for the Mbarga Deposit at an average grade of 38 - 39% Fe. The Itabirite Exploration Target for the broader Exploration Permit No. 92 area remains at between 2.0 and 2.5 billion tonnes.The Inferred Resource is based on drilling completed over an area of 3km by 3km on the Mbarga Deposit to an average depth of 350 metres. This includes 106 reverse circulation drill holes and 19 diamond drill holes for a total of ~24,000 metres. The upgraded Exploration Target is based on modelling of assay data and site based hand-held XRF data from deeper and more broadly spaced drilling to the west of the main deposit.Recent drilling has also confirmed the presence of additional high Fe grade hematite mineralisation at depth along the western flank of the Mbarga Deposit. Visual inspection, site based hand-held XRF sample analysis and limited assays of drill core from this area indicates the presence of significant intersections of massive hematite. This is either supergene material similar to the existing DSO resource or hypogene material similar to that identified in previous drilling funded by the United Nations Development Program ("UNDP") at the Metzimevin Prospect.Modelling supports an additional new Exploration Target of between 40 and 60 million tonnes of hematite grading 55-60% Fe along the western flank of Mbarga. Significant intersections reported from drilling in this area include 16m at 64% Fe from 153m; 20m at 58% Fe from 204m; 53m at 58% Fe from 279m; and 24m at 60% Fe from 177m. This area represents a priority exploration focus for the Company given its potential to increase its JORC-Code compliant resource inventory at Mbarga.Drilling is also scheduled to commence this Quarter at the Metzimevin Prospect where the UNDP previously reported a non JORC-Code compliant tonnage estimate of up to 35 million tonnes of +60% Fe hematite within outcrop extending over a 600 metre strike length.