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Aeon Metals Ltd.
Summary
| Project: | Walford Creek | |
|---|---|---|
| Deposit: | Walford Creek | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt-Lead-Zinc-Silver | |
| Date: | 12/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-12-2019: Aeon Metals Ltd. announces a Resource Estimation report for its Walford Creek deposit at the Walford Creek project. Updated mineral resource estimate at Walford Creek. Aeon Metals Limited (Aeon or the Company) provides updated Mineral Resource | |
| Resources: | ||
| CP/QP: | [Resources]: Simon Tear (H&S Consultants Pty Ltd.) | |
| ABSTRACT: | Aeon Metals Limited (Aeon or the Company) provides updated Mineral Resource estimates for its 100%- owned Walford Creek Copper-Cobalt Project in north-west Queensland (Walford Creek Project). Commenting on the updated Walford Creek Mineral Resource estimates, Aeon’s Managing Director and CEO, Hamish Collins, said: “In 2018 we successfully completed Australia’s largest independent base metals drilling campaign for that year at Walford Creek. We were able to do that on time, on budget and, most importantly, safely. In 2019 we have again undertaken another large drill program at Walford Creek this was also conducted safely and built strongly on the platform of work laid down in 2018. “The updated Mineral Resources for Walford Creek reflect the excellent drilling outcomes delivered this year. We have now successfully upgraded over 95% of all Vardy and Marley Mineral Resources to the higher confidence Measured & Indicated classifications. Our technical team has concurrently delivered a sizeable increase in the Amy Mineral Resource to over 5mt at a copper-equivalent grade of 2.6%. “The new Mineral Resource estimates have been timed for incorporation in the Walford Creek Pre-Feasibility Study, which is due for completion in the second quarter of calendar 2020. The over 25% higher tonnage of M&I Mineral Resources at Vardy/Marley further lifts confidence in the endowment from which a maiden Ore Reserve can be estimated. Additionally, the sizeable increase in the Amy Mineral Resource, will allow it to be included in the Walford mine schedule for the first time. This offers further potential mine life and economic upside to the existing Scoping Study estimates.” | |
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