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Finders Resources Ltd.
Summary
| Project: | Wetar | |
|---|---|---|
| Deposit: | Wetar | |
| Location: | Indonesia | |
| Commodities: | Copper | |
| Date: | 12/16/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 16-12-2016: Finders Resources Ltd. announces a Resource Estimation report for its Wetar deposit at the Wetar project. JV - updated mineral resources and ore reserves for project. Finders Resources Limited (ASX:FND) is pleased to provide the following Mine | |
| Resources: | (Reserve, P+P): 8.6Mt @ 2.3% Cu for 202Kt Cu contained at Wetar | |
| CP/QP: | [Resources]: Terry Burns (Internal) | |
| ABSTRACT: | Finders Resources Limited (ASX:FND) is pleased to provide the following Mineral Resource and Ore Reserve update for the Wetar Copper Project in which the company holds a 72% interest. The Measured, Indicated and Inferred Resource as at 30th June 2016 on a 100% equity basis now stands at 8.9 million tonnes at 2.4% copper for 210 thousand contained tonnes of copper metal (Table 1). The Proved and Probable Reserve as at the 30th June 2016 on a 100% equity basis stands at 8.6 million tonnes at 2.3% copper for 202 thousand contained tonnes of copper metal (Table 2). A 2% overcall in reconciled copper tonnes mined versus the Ore Reserve Model for the Project to the end of November 2016 demonstrates the robustness of the Mineral Resource and Ore Reserve estimates. A full summary of the estimates including the methodology, Competent Person’s Statements and JORC 2012 Tables is appended to this release. | |
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