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Metals X Ltd.
Summary
| Project: | Nifty | |
|---|---|---|
| Deposit: | Nifty | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 6/11/2020 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-6-2020: Metals X Ltd. announces a Scoping Study report for its Nifty deposit at the Nifty project. Scoping Study results incl. pre-tax NPV (10%) of A$242M & IRR of 61%. The Mineral Resource estimates for Nifty have been prepared in accordance with the | |
| Resources: | (Resources, Total): 53.13Mt @ 1.2% Cu | |
| CP/QP: | [Resource] Kane Hutchinson (Internal) | |
| ABSTRACT: | The Mineral Resource estimates for Nifty have been prepared in accordance with the JORC Code (2012 Edition). The Mineral Resource estimate used for the study included the Nifty Oxide Mineral Resource as at 31 March 20166, the Heap Leach Mineral Resource estimate as at 31 March 20157 and the Nifty Sulphide Mineral Resource estimate as at 31 March 20198 (2019 MRE). The Company has subsequently released an updated Nifty Sulphide Mineral Resource estimate as at 31 December 20199 (2020 MRE). There have been no material changes to these Mineral Resource estimates since the dates of these publications. The Nifty Oxide and Heap Leach Mineral Resource estimates were undertaken by Aditya Birla Limited which is now a wholly owned subsidiary of Metals X. These estimations were prepared with the assistance of external specialist Mineral Resource consultants. A review of these estimations was undertaken by the Company as part of the Study, which confirmed that the parameters used were appropriate and the estimation process followed good industry practice. | |
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