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Intermin Resources Ltd.
Summary
| Project: | Teal | |
|---|---|---|
| Deposit: | Teal | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/6/2016 | |
| Report Code: | JORC | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 6-7-2016: Intermin Resources Ltd. announces a Feasibility Study report for its Teal deposit at the Teal project. Stage 1 Feasibility Study results plus a Initial ore reserve. Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased t | |
| Resources: | (Reserve, Prob.): 0.171Mt @ 3.21g/t Au for 17723oz Au contained at project | |
| CP/QP: | [Resources]: Simon Coxhell, David O'Farrell (Not stated) | |
| ABSTRACT: | Intermin Resources Limited (ASX: IRC) (“Intermin” or the “Company”) is pleased to announce the results of the Teal Stage 1 Feasibility Study (“FS” or “Study”). Stage 1 of the project comprises the oxide and transitional material contained in the updated Mineral Resource announced to the ASX on 24 May 2016. The 100% owned and fully permitted Teal gold project is located 12km north west of Kalgoorlie in Western Australia. Intermin’s Managing Director, Jon Price said: “The results of the Feasibility Study for Teal demonstrate strong potential to generate significant cash flow for the business to underpin accelerated exploration and development of the Company’s assets in the WA goldfields”. “We now look forward to moving the project into development at a time of reducing production costs and a strong Australian dollar gold price delivering very good margins for the benefit of our shareholders and the local and regional communities in which we operate,” Mr Price said. | |
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