Increase of the resource base for the Engebø rutile project
New resource estimations for the Engebø rutile deposit have been made based on a recent core-drilling program of more than 6,300 meters. The revised estimates show a significant increase of the qualified resources, higher titanium dioxide grades and substantial quantities of garnet. Estimated operating parameters indicate a reduction of the TiO2 cut-off grade.Main results The total estimated resources in the Measured and Indicated categories are 93 million tonnes. This is an increase of 61 million tonnes compared with previous estimates. The average TiO2 grade has increased confirming