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Metals X Ltd.
Summary
| Project: | Nifty | |
|---|---|---|
| Deposit: | Nifty | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 8/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 28-8-2019: Metals X Ltd. announces a Resource Estimation report for its Nifty deposit at the Nifty project. Updated mineral resource and reserve estimate. Metals X Limited (Metals X or the Company) is pleased to announce updated Mineral Resource and Ore R | |
| Resources: | (Reserve, P+P): 11.10Mt @ 1.45% Cu at project | |
| CP/QP: | [Resources]: Kim Kremer (Internal) | |
| ABSTRACT: | Metals X Limited (Metals X or the Company) is pleased to announce updated Mineral Resource and Ore Reserve estimates for its underground sulphide deposit at the Nifty Copper Operations (Nifty). Managing Director, Mr Damien Marantelli, commented: “Since the acquisition of Nifty in 2016 we have completed over 83,000 metres of underground drilling, focusing on extending the Nifty orebody both west and east of the historical Central Zone. We have also significantly advanced our understanding of the mineralisation and controls to this massive copper system” he said. “The updated resources and reserves are a result of this substantial effort and are a significant milestone for the Reset Plan, providing us with enhanced confidence in our mine planning and future exploration programs. The increased level of confidence is evidenced by 88% of the resource being in the Measured and Indicated categories.” “Importantly, the underground drilling program is continuing and results received since 31 March 2019, comprising approximately 16,000 metres of additional drilling, are yet to be incorporated into the resource and reserve estimates.” | |
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