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Explaurum Ltd.
Summary
| Project: | Tampia | |
|---|---|---|
| Deposit: | Tampia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/8/2016 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 8-9-2016: Explaurum Ltd. announces a Scoping Study report for its Tampia deposit at the Tampia project. Scoping study results for Tampia gold project. Explaurum Limited (“Explaurum”, “EXU” or “the Company”) is pleased to advise it has completed a Scop | |
| Resources: | (Resource, Inf.): 4.7Mt @ 2.0g/t Au for 310'000oz Au contained at Gault prospect | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | Explaurum Limited (“Explaurum”, “EXU” or “the Company”) is pleased to advise it has completed a Scoping Study (“Study”) based on the Inferred mineral resource at its 90% owned Tampia Gold Project (“the Project”), located approximately 300km east of Perth in the wheat belt of Western Australia. Explaurum was assisted by the following reputable industry consultant groups; Kenex Pty Ltd (3D geological modelling), Entech Pty Ltd (resource estimation and mining), Mintrex Pty Ltd (process flow sheet and plant design), ALS Metallurgy Pty Ltd (metallurgical test work), Mintap Services Pty Ltd (metallurgical program), Martinick Bosch Sell Pty Ltd (MBS Environmental) (baseline environmental, heritage) and Rockwater Pty Ltd (groundwater). The results of the Study were positive and importantly provides strong encouragement for the Company to commit to the next stage of its exploration and development program. The immediate focus now is the undertaking of major exploration and drilling programs, scheduled to commence shortly, to unlock the significant upside potential of the known Gault deposit, which is open in all directions, and through regional exploration, of the Project. These programmes are aimed at delivering an updated mineral resource in H2 2017. The planned updated mineral resource will feed into a Pre-feasibility Study has also commenced and is due to be completed in H2 2017. The Pre-feasibility study that has now commenced will aim to develop a 2012 JORC compliant measured and indicated resource, establish and optimise the mining schedule, production rate and process flow sheet while reducing capital and operating costs. | |
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