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Metals X Ltd.
Summary
| Project: | Renison | |
|---|---|---|
| Deposit: | Renison | |
| Location: | Australia | |
| Commodities: | Tin-Copper | |
| Date: | 7/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-7-2019: Metals X Ltd. announces an Exploration/Drilling Update report for its Renison deposit at the Renison project. Drilling results incl. 17.8m @ 2.86% Sn from 18.0m. Managing Director Mr Damien Marantelli said, “Renison produced another strong quar | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Colin Carter (Internal) | |
| ABSTRACT: | Managing Director Mr Damien Marantelli said, “Renison produced another strong quarterly performance. Importantly, we completed initial ventilation upgrades in the high-grade Area 5 region which has allowed us to continue to develop into this outstanding orebody. The Area 5 mining study has commenced which will optimise the development and mining strategy. We have also commenced a detailed metallurgical improvement program to increase recovery and throughput capacity in tandem with the higher grade to be mined from Area 5 in 2020. “At Nifty, I’m pleased to say that 2 months following the announcement of the ‘Reset Plan’, we are making solid progress against all workstreams. We commenced a ‘campaign milling’ roster in May which reduces our fixed costs and improves efficiency albeit with a cyclical ore stockpile build up as per this quarter. “Our improved planning systems and processes, culture and cost focus has increased productivity, reduced costs and provided savings in equipment usage. Development rates are up, with substantial improvements to paste generation, reticulation and ventilation. Resolving mining constraints to increase production, identifying and incorporating new resources into the plan and reducing our fixed cost base remain our primary focus.” | |
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