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Metro Mining Ltd.
Summary
| Project: | Bauxite Hills Mine | |
|---|---|---|
| Deposit: | Bauxite Hills Mine | |
| Location: | Australia | |
| Commodities: | Aluminium-Silica | |
| Date: | 7/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-7-2019: Metro Mining Ltd. announces a Resource Estimation report for its Bauxite Hills Mine deposit at the Bauxite Hills Mine project. Updated mineral resource and ore reserve estimate. Metro Mining Limited (ASX:MMI) (“Metro”) is pleased to provide an | |
| Resources: | (Reserve, P+P): 109.5Mt @ 48.9% Al2O3, 13.0% SiO2 | |
| CP/QP: | [Resources]: Ed Radley (Not stated) | |
| ABSTRACT: | Metro Mining Limited (ASX:MMI) (“Metro”) is pleased to provide an update with respect to its JORC reserves and resources for the Bauxite Hills mine. Following its first year of mining at Bauxite Hills, Metro has undertaken an update of its JORC Reserve and Resource. The total Reserve estimate for Bauxite Hills is now 109.5Mt (wet) and takes into account depletion to March 2019 and additional conversion of Resources. The overall increase in Reserves (taking into account depletion by mining) is 17.3Mt or 18.8% from that published in March 2017 (see ASX Announcement 15 March 2017). This has the potential to extend mine life by approximately 3 years to 2037, at the expanded run rate of 6Mtpa (which is subject to Metro Board approval). The total Resource for Bauxite Hills is now 138.2Mt (dry), representing a decrease of 4.6% from March 2017 (see ASX Announcement 15 March 2017). Metro’s Managing Director and Chief Executive Officer Simon Finnis said: “We are pleased to report the increase in Reserve, effectively extending the mine life of Bauxite Hills, and the greater level of confidence in the total Resource. There has been strong reconciliation from the results of mining to date and the Resource and Reserve model. The results of this update demonstrate our increased confidence in the project.” | |
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