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Augur Resources Ltd.
Summary
| Project: | Wonogiri | |
|---|---|---|
| Deposit: | Randu Kuning | |
| Location: | Indonesia | |
| Commodities: | Gold-Copper | |
| Date: | 8/30/2016 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-8-2016: Augur Resources Ltd. announces a Scoping Study report for its Randu Kuning deposit at the Wonogiri project. Updated Internal Scoping Study incl. updated resource estimate for Randu Kuning deposit. The Directors of Augur Resources Ltd ('Augur' o | |
| Resources: | (Resource, Total): 21Mt @ 0.79g/t Au, 0.16% Cu at Randu Kuning | |
| CP/QP: | [Resources]: Trevor Leahey (Computer Aided Geoscience Pty Ltd.) | |
| ABSTRACT: | The Directors of Augur Resources Ltd ('Augur' or 'the Company') are pleased to advise that the original Scoping Study on its Randu Kuning deposit located within the Wonogiri project (ASX announcement dated 11 March 2014) has been updated to include the significantly enhanced project economics resulting from the aggregate potential of the project (ASX announcement dated 6 July 2015), metallurgical studies (ASX announcements dated 28 October 2015 and 29 April 2016) and current costings for fuel and equipment. The results of the internal Scoping Study confirm the potential for the development of the deposit at Randu Kuning. As part of the update a JORC compliant resource estimate of the Randu Kuning deposit was completed by Trevor Leahey of Computer Aided Geoscience Pty Ltd, Australia, a Competent Person as defined under JORC 2012, the results of which are detailed below. The Scoping Study was undertaken by Augur technical staff and based on comparable mining operations in Indonesia and Australia. Metallurgical data was provided by testwork completed by Pt. Geoservices in Jakarta under the guidance of qualified independent consultants MetChem Consultants of Perth, Australia and also PWA Limited of Kuala Lumpur, Malaysia. The project is supported by a low strip‐ratio, good metallurgical recoveries, excellent access to infrastructure and national grid power. The study focused on an open pit mining operation with material treated by gravity concentration and flotation to produce a gold (+ silver)‐rich gravity concentrate and a copper (+ gold, silver bearing) concentrate. The Scoping Study assumed 50% of in‐pit waste rock would be sold as aggregate. | |
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