For thousands of other reports visit RSC's Mineral Intellingence Map
Sandfire Resources NL
Summary
| Project: | DeGrussa | |
|---|---|---|
| Deposit: | DeGrussa | |
| Location: | Australia | |
| Commodities: | Copper-Gold | |
| Date: | 6/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 21-6-2019: Sandfire Resources NL announces a Resource Estimation report for its DeGrussa deposit at the DeGrussa project. Updated mineral resource and ore reserve. Sandfire Resources NL (ASX: SFR, “Sandfire”) is pleased to announce an updated Ore Reserve | |
| Resources: | (Reserve, P+P): 7.3Mt @ 3.0% Cu, 1.2g/t Au at DeGrussa total | |
| CP/QP: | [Resources]: Callum Browne (Internal) | |
| ABSTRACT: | Sandfire Resources NL (ASX: SFR, “Sandfire”) is pleased to announce an updated Ore Reserve and Mineral Resource for the DeGrussa Copper-Gold Operation in Western Australia. The update includes the DeGrussa, Conductor 1, Conductor 4 and Conductor 5 deposits at the DeGrussa Mine as well as the Monty Mine. Resource definition drilling in Conductor 5 and subsequent orebody remodelling in conjunction with a revision to modifying factors has resulted in a net overall increase in underground Ore Reserves of 0.4Mt and 2,000t of contained copper. After accounting for annual mining depletion of approximately 1.6Mt, mine life is supported through to mid-CY2022. Grade control drilling is ongoing at Monty with three underground (UG) diamond drill rigs currently operating. Mineral Resources and Ore Reserves will be updated in the second half of CY2019 to incorporate these results. No material mining depletion has occurred at Monty up to 31 December 2018 therefore the Ore Reserves for Monty remain unchanged. Sandfire owns 100% of Monty following the acquisition of the 30% interest held by Talisman Mining Limited (ASX: TLM; Talisman) in the Springfield Exploration and Mining Joint Ventures (refer to Sandfire’s ASX announcement titled, “Sandfire Completes Acquisition of Talisman’s 30% Interest in the Springfield Project”, dated 12 October 2018). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report