For thousands of other reports visit RSC's Mineral Intellingence Map
Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Karlawinda | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/29/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 29-5-2018: Capricorn Metals Ltd. announces a Resource Estimation report for its Karlawinda deposit at the Karlawinda project. Updated Ore reserve estimate at the project. Capricorn’s Executive Chairman, Heath Hellewell, said: “This is another major step f | |
| Resources: | (Reserve, P+P): 27.553Mt @ 1.0g/t Au for 892Koz Au contained at Karlawinda | |
| CP/QP: | [Overall Report]: Micheal Martin (Internal) | |
| ABSTRACT: | Capricorn’s Executive Chairman, Heath Hellewell, said: “This is another major step forward for what continues to emerge as a new high-quality Australian gold project at Karlawinda. With the delivery of 25 per cent increase in Ore Reserves, we have also been able to re-optimise the open pit mine plan into a four-stage pit that will deliver increased production in the first two years of operations and sustain an average annual production profile of around 100,000ozpa for 8 years. “This is an impressive project by any measure and we are confident of being able to secure an attractive project funding package to underpin its development in the near future. Project funding discussions are now well advanced and will now be finalised on the basis of this revised Ore Reserve. “We are also excited about the potential for continued growth in our gold inventory as exploration continues. A recent 800m deep hole drilled 1km along strike from the Bibra deposit hit significant mineralisation, demonstrating that the Bibra system extends well beyond the current resource boundaries. We will continue to systematically unlock this potential with ongoing drilling as the project is built. “We are looking forward to securing project funding and commencing construction in the second half of this year, paving the way for Capricorn to become a significant new Australian gold producer. The Ore Reserve estimate has been completed on the basis of modifying factors used in the Company’s November 2017 Feasibility Study (FS) and subsequent studies including further optimisation studies and trade-off studies on the process plant and non-plant infrastructure. These studies were completed by a team consisting of Capricorn personnel and independent external consultants. Changed modifying factors from the FS include: | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report