For thousands of other reports visit RSC's Mineral Intellingence Map
CuDeco Ltd.
Summary
| Project: | Rocklands | |
|---|---|---|
| Deposit: | Rocklands | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt-Gold | |
| Date: | 3/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-3-2018: CuDeco Ltd. announces a Resource Estimation report for its Rocklands deposit at the Rocklands project. Updated mineral reserve estimate for Rocklands project. Queensland copper producer CuDeco Limited (ASX:CDU) announced today an updated Ore Re | |
| Resources: | (Reserve, P+P): 11.7Mt @ 0.87% Cu, 0.21g/t Au for 101Kt Cu, 78Koz Au contained | |
| CP/QP: | [Overall Report]: John Wyche (Australian Mine Design and Development Ltd.) | |
| ABSTRACT: | Queensland copper producer CuDeco Limited (ASX:CDU) announced today an updated Ore Reserves estimate for its flagship Rocklands Copper Mine, as flagged in its earlier announcement released 27 December 2017. A summary of the Ore Reserve is as follows (for full details, refer to the report prepared by Australian Mine Design and Development Pty Ltd (AMDAD), as attached to this announcement): The full Ore Reserves Statement including Sections 1, 2, 3 and 4 of Table 1 of the JORC Code accompanies this announcement as required by ASX Listing Rule 5.92. The final pit designs for the 31 December 2017 Reserves Estimate are based on the September 2016 pit optimisation. The Company intends to commission a new pit optimisation using current inputs as a matter of priority for its formal mining plan to be as closely aligned as possible to the updated Reserve. This process will also form the basis of the next Reserve Update for 30 June 2018. Commenting on the results, CuDeco Chairman Peter Hutchison said: “These results reflect the Company’s decision to exclude pyrite / cobalt and magnetite from the Reserve, on the basis that we have not yet secured viable economic offtake solutions for these minerals. However, the near doubling of the cobalt price over the past year shows the potential for this asset and we continue to vigorously pursue options to monetise these commodities, which would see them reintroduced to future Reserve Statements.” | |
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