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MMG Ltd.
Summary
| Project: | Las Bambas | |
|---|---|---|
| Deposit: | Las Bambas | |
| Location: | Peru | |
| Commodities: | Copper-Gold-Silver-Molybdenum | |
| Date: | 10/18/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 18-10-2016: MMG Ltd. announces a Resource Estimation report for its Las Bambas deposit at the Las Bambas project. Annual mineral resource and ore reserve statement. This announcement is made by MMG Limited (Company or MMG and, together with its subsidiari | |
| Resources: | ||
| CP/QP: | [Resources]: Rex Berthelsen (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 2016 (Mineral Resources and Ore Reserves Statement). The highlights of the Mineral Resources and Ore Reserves Statement as at 30 June 2016 include: The Group’s Mineral Resources (contained metal) has increased for molybdenum (4%), remains unchanged for gold and nickel, and decreased for copper (1%), zinc (2%), lead (6%) and silver (5%). The Group’s Ore Reserves (contained metal) has increased for copper (6%), silver (2%) and molybdenum (7%) and decreased for zinc (10%), lead (11%) and gold (5%). Mineral Resources and Ore Reserves Tonnes at Las Bambas increased by 117Mt and 7Mt respectively. The Las Bambas project is held by a joint venture company, of which 62.5% is owned by MMG. All data reported here is 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 9). | |
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