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Metals X Ltd.
Summary
| Project: | Renison | |
|---|---|---|
| Deposit: | Renison Bell, Rentails | |
| Location: | Australia | |
| Commodities: | Tin-Copper | |
| Date: | 8/20/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 20-8-2019: Metals X Ltd. announces a Resource Estimation report for its Renison Bell, Rentails deposit at the Renison project. 2019 ore reserve update for Renison. Metals X Limited (Metals X or the Company) is pleased to provide its annual update of the O | |
| Resources: | (Reserve, P+P): 30.411Mt @ 0.60% Sn, 0.22% Cu at project total | |
| CP/QP: | [Overall Report]: Mark Recklies (Internal) | |
| ABSTRACT: | Metals X Limited (Metals X or the Company) is pleased to provide its annual update of the Ore Reserve estimate for the Renison Tin Operations (Renison) in Tasmania. Renison is 50%-owned by Metals X through the Bluestone Mines Tasmania Joint Venture. The 2019 Mineral Resource estimate at the Renison underground tin mine, on which the Ore Reserve update is based, was announced on 24 May 2019. Managing Director, Mr Damien Marantelli, commented: “Renison continues to outperform. It is pleasing to see an increase in our reserves, with significant further upside expected as the majority of the high grade Area 5 resource has yet to be incorporated into the Ore Reserve estimate” he said. “We are already processing high grade development ore as we extend the decline and lateral development into Area 5. The Mine Optimisation Study is progressing well and we anticipate providing a further Ore Reserve upgrade upon completion of the study early in the March 2020 quarter.” | |
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