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OZ Minerals Ltd.
Summary
| Project: | Pedra Branca | |
|---|---|---|
| Deposit: | Pedra Branca | |
| Location: | Brazil | |
| Commodities: | Copper-Gold | |
| Date: | 11/28/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 28-11-2019: OZ Minerals Ltd. announces a Resource Estimation report for its Pedra Branca deposit at the Pedra Branca project. Initial ore reserve for project. The Pedra Branca March 2019 Mineral Resource was estimated at 19 million tonnes of copper minera | |
| Resources: | (Reserve, P+P): 5.0Mt @ 2.1% Cu, 0.5g/t Au | |
| CP/QP: | [Overall Report]: Ruy Lacourt (LoM Consultants) | |
| ABSTRACT: | The Pedra Branca March 2019 Mineral Resource was estimated at 19 million tonnes of copper mineralisation grading 1.6 per cent copper and 0.4 grams per tonne gold and is rereported here from the Mineral Resource estimate released on 11 th July 20191 , noting that the Mineral Resources are inclusive of the Ore Reserves. The Pedra Branca November 2019 Ore Reserve has been estimated at 5 million tonnes of ore grading 2.1 per cent copper and 0.5 grams per tonne gold and is the maiden Ore Reserve declared for Pedra Branca. The Pedra Branca Project is located in the south-eastern portion of the State of Pará on the border of the municipalities of Canaã Dos Carajás and Água Azul Do Norte, situated about 100 km south-southwest of the city of Parauapebas (Figure 1). The project is accessible from Parauapebas by road via 100 km of sealed highway south to the town of Canaã, followed by a further 25 km of gravel road to the west to the village of Vila Feitosa, located in the northern area of Exploration Permit DNPM 850.318/2000. The project is held by Vale Dourado Mineração, a wholly owned Brazilian subsidiary of OZ Minerals Brazil Limited, who own the rights to 100 per cent of the tenements in the current project. The final exploration report and economic plan report have been approved by the National Mining Agency (ANM) and OZ Minerals Brazil is awaiting the issue of the mining licence. | |
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