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Dacian Gold Ltd.
Summary
| Project: | Mt Morgans | |
|---|---|---|
| Deposit: | Mt Morgans | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/27/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-2-2020: Dacian Gold Ltd. announces a Resource Estimation report for its Mt Morgans deposit at the Mt Morgans project. Statement of mineral resources and ore reserves. As a result of the updated Mineral Resources and Ore Reserves and three year outlook | |
| Resources: | (Reserve, Total): 16.9Mt @ 1.4g/t Au for 754,000oz Au | |
| CP/QP: | [Resources]: Christopher Oorschot, Calvin Ferguson (Internal) | |
| ABSTRACT: | As a result of the updated Mineral Resources and Ore Reserves and three year outlook (see separate announcement released today), the Company remains in ongoing discussions regarding the proposed recapitalisation of the Company. Accordingly, trading in the Company’s shares will remain in suspension pending the finalisation of that recapitalisation proposal, which is anticipated to occur by the end of March 2020. Dacian Gold Ltd (Dacian Gold or the Company) (ASX: DCN) provides its 2019 Mineral Resource and Ore Reserve estimate as of 31 December 2019. The Company’s previous Mineral Resource and Ore Reserve estimates were as of 31 July 2018. All references within this announcement to the 2018 Mineral Resource and Ore Reserve estimates are as per ASX announcements dated 6 August 2018 and 18 December 2018. | |
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