For thousands of other reports visit RSC's Mineral Intellingence Map
Independence Group NL
Summary
| Project: | Tropicana | |
|---|---|---|
| Deposit: | Tropicana | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/15/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 15-12-2016: Independence Group NL announces a Resource Estimation report for its Tropicana deposit at the Tropicana project. JV - updated resources + reserves + new drill results incl. 34m @ 5.41g/t Au. Independence Group NL (IGO or the Company) (ASX:IGO) | |
| Resources: | (Reserve, P+P): 60.1Mt @ 1.97g/t Au for 3.80Moz Au contained at Tropicana total | |
| CP/QP: | [Resources]: Mark Kent (AngloGold Ashanti Australia Ltd.) | |
| ABSTRACT: | Independence Group NL (IGO or the Company) (ASX:IGO) is pleased to report on a number of initiatives to maximise and optimise the Tropicana Gold Mine, a Joint Venture with AngloGold Ashanti Australia (AGAA)(ASX: AGG). These work programs have unlocked significant additional value to the operation and are expected to deliver an additional improvement in Net Present Value (NPV) of more than 75% relative to the 2016 Business Plan, when compared on a like-for-like basis. IGO’s Managing Director, Peter Bradford, commented: “Considerable progress has been made on a number of work programs during CY16 to optimise and maximise the Tropicana Gold Mine. The strategy has been to: a) understand the potential of the Tropicana Mineralised System; b) progress technical studies to unlock the Mineral Resource through improvement of waste mining costs (Long Island Study), and; c) improve current efficiencies and unlock operating constraints. Although this remains a work in progress, these work programs have demonstrated the significant value that can be unlocked. To date, the work programs have identified the potential to deliver more than a 75% increase to the Tropicana NPV when compared on a like-for-like basis to our Business Plan at the start of CY16. This is a great achievement, which demonstrates the quality of the Tropicana Gold Mine. | |
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