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Intermin Resources Ltd.
Summary
| Project: | Goongarrie | |
|---|---|---|
| Deposit: | Goongarrie Lady | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-6-2018: Intermin Resources Ltd. announces a Feasibility Study report for its Goongarrie Lady deposit at the Goongarrie project. FS results incl. pre-tax NPV of AUD $4.6M, and Initial ore reserve at Goongarrie Lady. Intermin Resources Limited (ASX: IRC) | |
| Resources: | (Reserve, P+P): 0.135Mt @ 2.94g/t Au for 12700oz Au containe at Goongarrie Lady | |
| CP/QP: | [Overall Report]: Anthony Keers (Auralia Mining Consulting) | |
| ABSTRACT: | Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announce the results of the Goongarrie Lady Feasibility Study (“FS” or “Study”). The proposed mining project comprises the predominantly oxide material contained within the project’s maiden Ore Reserve. The 100% owned project is located 85km north of Kalgoorlie-Boulder in Western Australia (Figure 1). Commenting on the Goongarrie Lady Study outcomes, Intermin Managing Director Mr Jon Price said: “The Goongarrie Lady Feasibility Study has delivered robust economic results with strong projected cash margins and reduced geological risk. As with the successful Teal gold mine, the Company has taken a conservative approach to both Resource estimation and development studies with the infill drilling increasing geological confidence and mine optimisation studies adopting conservative cut off grades to ensure acceptable cash margins.” “The Company now looks forward to completing final statutory approvals and determining the optional development pathway to maximise and realise value for Intermin shareholders as Goongarrie Lady is confirmed as the next development in the production pipeline to enable our self-funded organic growth. | |
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