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OZ Minerals Ltd.
Summary
| Project: | Carrapateena | |
|---|---|---|
| Deposit: | Carrapateena | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 11/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-11-2019: OZ Minerals Ltd. announces a Resource Estimation report for its Carrapateena deposit at the Carrapateena project. Updated mineral resources and ore reserves. The Carrapateena November 2019 Mineral Resources statement relates to an updated Mine | |
| Resources: | (Reserve, Prob.): 91Mt @ 1.6% Cu, 0.67g/t Au, 8g/t Ag | |
| CP/QP: | [Resources]: Stuart Masters (CS-2 Pty Ltd.) | |
| ABSTRACT: | The Carrapateena November 2019 Mineral Resources statement relates to an updated Mineral Resources estimate for the Carrapateena copper-gold deposit, which is an iron oxide copper-gold (IOCG) deposit located in central South Australia on the eastern margin of the Gawler Craton (see Figure 1). This Mineral Resources statement is an update to the March 2019 Mineral Resources statement as at 6 March 20191. This update includes drillhole data acquired between 2017 and 2019 and uses a consistent approach to interpretation, as well as defines a new ‘Mineralised Granite’ domain. The Reasonable Prospects test uses the previous commodity prices and exchange rate, but below grades of 0.6% copper, reduced recoveries are assumed based on recent test work. The model has been created and classified assuming it will underpin an assessment of the applicability of the Block Caving (BC) mining method but is also valid for evaluating a Sub-level Caving (SLC) mining method. | |
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