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Newcrest Mining Ltd.
Summary
| Project: | Namosi | |
|---|---|---|
| Deposit: | Namosi | |
| Location: | Fiji | |
| Commodities: | Gold-Copper | |
| Date: | 2/15/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Environmental Approval | |
| Report details: | 15-2-2018: Newcrest Mining Ltd. announces a Resource Estimation report for its Namosi deposit at the Namosi project. JV - Annual mineral resources and ore reserves statement. Newcrest Mining Limited has updated its Mineral Resource and Ore Reserve estimat | |
| Resources: | ||
| CP/QP: | [Resources]: Vik Singh (Internal) | |
| ABSTRACT: | Newcrest Mining Limited has updated its Mineral Resource and Ore Reserve estimates for the twelve month period ending 31 December 2017 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 statement includes the maiden Mineral Resource for the Antenna Deposit within the Séguéla Project in Côte d’Ivoire (refer to market release “Newcrest Quarterly Exploration Report for the three months ended 31 December 2017” dated 30 January 2018 for further detail). The Séguéla Project is 100% owned by Newcrest Mining Ltd. As at 31 December 2017, Group Ore Reserves are estimated to contain 62 million ounces of gold, 10 million tonnes of copper and 37 million ounces of silver. This represents a decrease of approximately 3 million ounces of gold (~5%), 0.1 million tonnes of copper (~1%) and 0.7 million ounces of silver (~2%) compared with the estimate as at 31 December 2016. The Group Ore Reserves estimates as at 31 December 2017 are set out in Tables 6 to 9. As at 31 December 2017, Group Mineral Resources are estimated to contain 120 million ounces of gold, 19 million tonnes of copper and 94 million ounces of silver. | |
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