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Newcrest Mining Ltd.
Summary
| Project: | Bonikro | |
|---|---|---|
| Deposit: | Bonikro | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 2/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 13-2-2017: Newcrest Mining Ltd. announces a Resource Estimation report for its Bonikro deposit at the Bonikro project. JV - Annual update of mineral resources and ore reserves. Newcrest Mining Limited has updated its Mineral Resource and Ore Reserve estim | |
| Resources: | (Reserve, P+P): 11Mt @ 1.2g/t Au for 0.43Moz Au insitu contained at project | |
| CP/QP: | [Resources]: Paul Dunham (Internal) | |
| ABSTRACT: | Newcrest Mining Limited has updated its Mineral Resource and Ore Reserve estimates for the twelve month period ending 31 December 2016 and for this purpose, has completed a detailed review of all production sources. The review has taken into account updated long term metal prices, foreign exchange and cost assumptions, and mining and metallurgy performance to inform cut-off grades and physical mining parameters. The Bonikro Gold Mine project area comprises the Bonikro and Hiré intrusion-related, shear-hosted orogenic gold deposits. The Bonikro gold mine is located in the Oumé Project area in central to southern Côte d’Ivoire approximately 230km northwest of Abidjan. Newcrest’s interest in the Bonikro operation was acquired through its acquisition of Lihir Gold Limited in 2010. Newcrest mining and exploration interests in Côte d’Ivoire are held by LGL Mines CI SA (Newcrest, 89.89%) and Newcrest Hiré CI SA (89.89%). Mineral Resources have been estimated for Bonikro and Hiré deposits and an Ore Reserve has been estimated for the Hiré deposits. All Mineral Resources have undergone a detailed review since December 2015 that include updated grade estimations, a review of the site operating cost base model reflected in reporting cut-off grades and optimisation of the Hiré Mineral Resource notional constraining shells. Overall, the Mineral Resources have decreased by 0.26Moz of contained gold compared with that reported in December 2015. | |
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