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Evolution Mining Ltd.
Summary
| Project: | Marsden | |
|---|---|---|
| Deposit: | Marsden | |
| Location: | Australia | |
| Commodities: | Gold-Copper | |
| Date: | 4/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-4-2018: Evolution Mining Ltd. announces a Resource Estimation report for its Marsden deposit at the Marsden project. Annual mineral resource and reserve statement. Evolution Mining Limited (ASX: EVN) is pleased to release its annual Mineral Resources a | |
| Resources: | (Reserve, Prob.): 65.17Mt @ 0.39g/t Au, 0.57% Cu for 816Koz Au, 371Kt Cu | |
| CP/QP: | [Resources]: Michael Andrew (Internal) | |
| ABSTRACT: | Evolution Mining Limited (ASX: EVN) is pleased to release its annual Mineral Resources and Ore Reserves (MROR) estimates as at 31 December 2017. The Company remains committed to building a sustainable business that prospers through the cycle and has therefore used an unchanged and conservative gold price assumption of A$1,350 per ounce (US$1,050/oz)1 and a copper price assumption of A$6,000 per tonne (US$4,680/t) to estimate Group Ore Reserves. Group Mineral Resources as at 31 December 2017 are estimated at 14.24 million ounces of gold and 946,000 tonnes of copper compared with the estimate at 31 December 2016 of 14.18 million ounces of gold and 1.03 million tonnes of copper. The updated estimate accounts for mining depletion in 2017 of 842,000 ounces of gold. All Mineral Resources are constrained at an A$1,800/oz economic threshold at Evolution’s 100% owned assets. | |
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