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Metals X Ltd.
Summary
| Project: | Renison | |
|---|---|---|
| Deposit: | Bell 50 | |
| Location: | Australia | |
| Commodities: | Tin-Copper | |
| Date: | 5/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 14-5-2019: Metals X Ltd. announces an Exploration/Drilling Update report for its Bell 50 deposit at the Renison project. Drilling results incl. 10.3m @ 7.65% Sn from 259.0m. Managing Director, Mr Damien Marantelli, commented: “These are outstanding result | |
| Resources: | (Reserve, P+P): 29.135Mt @ 0.58% Sn, 0.23% Cu at Renison | |
| CP/QP: | [Overall Report]: Simon Rigby (Internal) | |
| ABSTRACT: | Managing Director, Mr Damien Marantelli, commented: “These are outstanding results and continue to reinforce Renison as a world class tier-1 orebody with a longterm mining future. “The Renison operation continues to hit its operational guidance and milestones. We are in the advanced stages of updating the resource and reserve estimates and developing a life-of-mine plan. This detailed work includes consideration of development plans to maximise the huge opportunity provided by the substantial high-grade mineralisation in Area 5. With the discovery of the new Bell 50 zone, this opportunity has further increased. “We’ve already seen improved production after installing the ore sorters, and the highly successful 2018/19 drilling programs have underpinned the opportunity to continue progressively increasing production from Renison over the medium term through grade improvement, increased mining and processing rates and ongoing recovery improvement. I look forward to further updating the market on the Renison strategy in the near future.” | |
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