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Metals X Ltd.
Summary
| Project: | Nifty | |
|---|---|---|
| Deposit: | Nifty | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 9/4/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 4-9-2019: Metals X Ltd. announces an Exploration/Drilling Update report for its Nifty deposit at the Nifty project. Drilling results incl. 36.5m @ 2.71% Cu from 13.1m. Metals X Limited (ASX: MLX) (‘Metals X’ or ‘the Company’) is pleased to provide an upda | |
| Resources: | (Reserve, P+P): 11.10Mt @ 1.45% Cu at project | |
| CP/QP: | [Overall Report]: Simon Rigby (Internal) | |
| ABSTRACT: | Metals X Limited (ASX: MLX) (‘Metals X’ or ‘the Company’) is pleased to provide an update on the Nifty Copper Operations (‘Nifty’) and progress against key work streams and activities of the Nifty Reset Plan. Since the 31 March 2019 Mineral Resource and Ore Reserve estimations were completed, a further 16,000m has been drilled underground at Nifty as part of grade control and resource definition programs. The results for the holes drilled prior to 30 June 2019 have been reported in the respective quarterly reports, while the results received between 1 July and 31 August 2019 are provided in Appendix 1. Importantly, drilling continues to return encouraging results with example recent significant intersections presented in Table 2. The drilling completed since 31 March 2019 has contributed to the identification of a number of potential resource and reserve definition opportunities. These are located adjoining existing or planned development within the northeast, southeast, southwest and northwest parts of the defined Mineral Resources as shown on Figure 3. Examples of these opportunities are shown on Figures 4A & 4B pertaining to the Northeast and Southeast Target areas, on Figure 5 for the Northwest Target and on Figure 6 for the Southwest Target. | |
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