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MMG Ltd.
Summary
| Project: | Kinsevere | |
|---|---|---|
| Deposit: | Kinsevere | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Copper | |
| Date: | 12/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 6-12-2018: MMG Ltd. announces a Resource Estimation report for its Kinsevere deposit at the Kinsevere project. Annual mineral resource and ore reserve statement. Mineral Resources and Ore Reserves for MMG have been estimated as at 30 June 2018, and are re | |
| Resources: | ||
| CP/QP: | [Resources]: Douglas Corley (Internal) | |
| ABSTRACT: | Mineral Resources and Ore Reserves for MMG have been estimated as at 30 June 2018, and are reported in accordance with the guidelines in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 JORC Code) and Chapter 18 of the Listing Rules. Mineral Resources and Ore Reserves tables are provided on pages 4 to 7, which include the 30 June 2018 and 30 June 2017 estimates for comparison. The Measured and Indicated Mineral Resources are inclusive of those Mineral Resources that convert to Ore Reserves. All supporting data are provided within the Technical Appendix, available on the MMG website. Mineral Resources and Ore Reserves information in this statement has been compiled by Competent Persons (as defined by the 2012 JORC Code). Each Competent Person consents to the inclusion of the information in this report that they have provided in the form and context in which it appears. Competent Persons are listed on page 8. MMG has established processes and structures for the governance of Mineral Resources and Ore Reserves estimation and reporting. MMG has a Mineral Resources and Ore Reserves Committee that regularly convenes to assist the MMG Governance and Nomination Committee and the Board of Directors with respect to the reporting practices of the Company in relation to Mineral Resources and Ore Reserves, and the quality and integrity of these reports of the Group. Key changes to the Mineral Resources (contained metal) since the 30 June 2017 estimate have been mostly related to depletion1 together with increased costs at Las Bambas. An increase in metal price assumptions has only partially offset these reductions. At Dugald River, results from close spaced drilling have also resulted in a reduction in the estimated thickness of some parts of the orebody. | |
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