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Sandfire Resources NL
Summary
| Project: | Black Butte | |
|---|---|---|
| Deposit: | Black Butte | |
| Location: | United States | |
| Commodities: | Copper-Cobalt-Silver | |
| Date: | 10/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 19-10-2017: Sandfire Resources NL announces a Resource Estimation report for its Black Butte deposit at the Black Butte project. Annual statement of mineral resources. Sandfire Resources NL (ASX: SFR, “Sandfire” or “the Company”) is pleased to report its | |
| Resources: | (Resource, Total): 18.0Mt @ 3.3% Cu, 14g/t Ag, 0.10% Co | |
| CP/QP: | [Resources]: Michael J. Lechner (Independent) | |
| ABSTRACT: | Sandfire Resources NL (ASX: SFR, “Sandfire” or “the Company”) is pleased to report its Group Mineral Resource and Ore Reserve (MROR) estimate1. The annual MROR estimates are reported on a Group-wide basis and include the Company’s Australian copper-gold and base metal projects (both in the Doolgunna region, WA and at Temora, NSW), as well as its 78.1%-owned Black Butte Copper Project in the USA, which is held via its interest in Tintina Resources Inc (TSX-V: TAU) (Figure 1). Sandfire’s Managing Director, Mr Karl Simich, said the MROR reflected the substantial endowment across its key resource-level projects in Australia and the USA. “With a significant contained metal inventory approaching 2 million tonnes of contained copper, 2.8 million ounces of gold and nearly 16.0 million ounces of silver, the Group Mineral Resource and Ore Reserve estimates demonstrate the depth of Sandfire’s emerging growth pipeline. This is underpinned by a high-quality Ore Reserve at our flagship DeGrussa Mine and the new satellite Monty Project, currently being developed, which is estimated to contain 372,000 tonnes of copper and 439,000oz of gold.” | |
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