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Metals X Ltd.
Summary
| Project: | Renison | |
|---|---|---|
| Deposit: | Rension | |
| Location: | Australia | |
| Commodities: | Tin-Copper | |
| Date: | 8/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 23-8-2018: Metals X Ltd. announces a Resource Estimation report for its Rension deposit at the Renison project. Annual update of mineral resources and ore reserves. Metals X Limited (Metals X or the Company) is pleased to provide its annual update of Mine | |
| Resources: | (Reserve, P+P): 29.135Mt @ 0.58% Sn, 0.23% Cu at Renison | |
| CP/QP: | [Resources]: Colin Carter (Internal) | |
| ABSTRACT: | Metals X Limited (Metals X or the Company) is pleased to provide its annual update of Mineral Resource and Ore Reserve estimates for the Renison Tin Operations (Renison) in Tasmania. Renison is 50% owned by Metals X through the Bluestone Mines Tasmania Joint Venture. Managing Director, Mr Warren Hallam, commented: “We are continuing to advance our geological understanding of this world class deposit even though mining has now been undertaken at Renison for over 100 years. It is pleasing that, we have maintained an 8-year Ore Reserve and the larger resource base of approximately 18 years which will continue to support production from Renison for many years to come.” Mineral Resources are reported inclusive of Ore Reserves. Mining production data up to 31 March 2018 and all exploration information has been included. Mineral Resources have been depleted for mining to 31 March 2018. The tin price assumption used to estimate Mineral Resources and Ore Reserves was US$17,000/t Sn at an assumed exchange rate of USD/AUD 0.75 giving a price of AUD $22,667/t Sn. The Mineral Resources and Ore Reserves have been classified in accordance with the guidelines set out in the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves, published by the Joint Ore Reserves Committee (JORC), of the Australasian Institute of Mining and Metallurgy, the Australian Institute of Geoscientists and the Minerals Council of Australia, December 2012 (the ‘JORC Code’ or ‘JORC 2012’). The full Mineral Resource and Ore Reserve estimates for the Renison Tin Operations are tabulated in Table 1 and Table 2 respectively. | |
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