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Sandfire Resources NL
Summary
| Project: | DeGrussa | |
|---|---|---|
| Deposit: | DeGrussa | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 4/17/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 17-4-2020: Sandfire Resources NL announces a Resource Estimation report for its DeGrussa deposit at the DeGrussa project. Updated mineral resource and ore reserve. Sandfire Resources Ltd (ASX: SFR, Sandfire or the Company) is pleased to announce an update | |
| Resources: | (Reserves, P+P): 4.2Mt @ 4.9% Cu, 1.6g/t Au | |
| CP/QP: | [Resources]: Callum Browne (Internal) | |
| ABSTRACT: | Sandfire Resources Ltd (ASX: SFR, Sandfire or the Company) is pleased to announce an updated Ore Reserve and Mineral Resource for the DeGrussa Operations, incorporating the DeGrussa Copper Gold Mine (DeGrussa) and Monty Copper-Gold Mine (Monty) in Western Australia. The update includes the DeGrussa, Conductor 1, Conductor 4 and Conductor 5 deposits at the DeGrussa Copper Gold Mine. Grade control drilling, mapping and mining completed at Monty during the 2019 calendar year (CY) has provided the basis for an updated interpretation of the orebody and the Mineral Resource estimate. After accounting for mining depletion and sterilisation the net impact is a decrease of 0.3Mt and 15kt of contained copper and an increase of 7koz of contained gold. The Monty Ore Reserve has been updated based on the new Mineral Resource. This has resulted in a net overall increase in the Monty Ore Reserve of 0.2Mt and 3kt of contained copper and 13koz of contained gold after accounting for annual mining depletion and adjustments to mining modifying factors. The DeGrussa Mineral Resource and Ore Reserve has in essence been reduced by annual mining depletion. | |
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