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MMG Ltd.
Summary
| Project: | Kinsevere | |
|---|---|---|
| Deposit: | Kinsevere, Sokoroshe II, Nambulwa, DZ | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Copper | |
| Date: | 10/23/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-10-2019: MMG Ltd. announces a Resource Estimation report for its Kinsevere, Sokoroshe II, Nambulwa, DZ deposit at the Kinsevere project. Annual mineral resource and ore reserve statement. This announcement is made by MMG Limited (Company or MMG and, to | |
| Resources: | ||
| CP/QP: | [Resources]: Douglas Corley (Internal) | |
| ABSTRACT: | This announcement is made by MMG Limited (Company or MMG and, together with its subsidiaries, the Group) pursuant to rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (Listing Rules) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The board of directors of the Company (Board) is pleased to report the Group’s updated Mineral Resources and Ore Reserves Statement as at 30 June 2019 (Mineral Resources and Ore Reserves Statement). For copper metal, the main reasons for the changes are depletion, cost increases and pit design at Kinsevere which were partially offset by increased metal price. For zinc metal, the main reasons for the changes are depletion at all sites and changes in the mine design at Dugald River deposit. All data reported here are on a 100% asset basis, with MMG’s attributable interest shown against each asset within the Mineral Resources and Ore Reserves tables (pages 4 to 7). | |
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