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Metals X Ltd.
Summary
| Project: | Renison | |
|---|---|---|
| Deposit: | Rension | |
| Location: | Australia | |
| Commodities: | Tin-Copper | |
| Date: | 10/12/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-10-2018: Metals X Ltd. announces an Exploration/Drilling Update report for its Rension deposit at the Renison project. Drilling results incl. 3.0m @ 10.69% Sn from 268m. Renison is a world-class, long life underground mining operation, producing tin co | |
| Resources: | (Reserve, P+P): 29.135Mt @ 0.58% Sn, 0.23% Cu at Renison | |
| CP/QP: | [Overall Report]: Colin Carter (Internal) | |
| ABSTRACT: | Renison is a world-class, long life underground mining operation, producing tin concentrate, which maintains approximately 8 years of Ore Reserves through extensional exploration to replenish production. During the quarter Renison commenced the commissioning of a new purpose-built three stage crushing, screening and ore sorting plant (refer to ASX Announcement dated 3 July 2018). The ore sorter will expand production at Renison by an expected 15-20% through the rejection of waste prior to the processing plant. Further growth of Renison is planned with the Renison Tailings Retreatment Project (Rentails) which is intended to increase production of tin by a further 40% through the retreatment of approximately 100,000 tonnes of tin in historic tailings. Rentails has had a DFS completed and is currently in the environmental approvals process. In addition, Renison has substantial prospectivity on its tenure adjacent to the operating mine. A near-mine exploration strategy has been developed during the quarter and an exploration program commenced during the December 2018 quarter. With the completion of a new tails dam in the March 2018 quarter and the new crushing and ore sorting plant in the September quarter, the operation is now well setup for the long term future, with increased production capacity and additional flexibility to allow the BMTJV to exploit the large resource base at Renison. | |
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