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Sandfire Resources NL
Summary
| Project: | DeGrussa | |
|---|---|---|
| Deposit: | DeGrussa | |
| Location: | Australia | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 4/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 27-4-2018: Sandfire Resources NL announces a Resource Estimation report for its DeGrussa deposit at the DeGrussa project. Mineral resource estimate and ore reserve update at DeGrussa. Sandfire Resources NL (ASX: SFR, “Sandfire”) is pleased to announce an | |
| Resources: | (Reserve, P+P): 9.1Mt @ 3.8% Cu, 1.3g/t Au for 346Kt Cu, 389Koz Au contained | |
| CP/QP: | [Resources]: Callum Browne, Ekow Taylor (Internal) | |
| ABSTRACT: | Sandfire Resources NL (ASX: SFR, “Sandfire”) is pleased to announce an updated Mine Plan, Mineral Resource and Ore Reserve for the 1.6Mtpa DeGrussa Copper-Gold Mine. The update includes the DeGrussa, Conductor 1, Conductor 4 and Conductor 5 deposits at DeGrussa as well as the Monty deposit (70% SFR: 30% TLM under the Springfield JV). The updated Mine Plan, Mineral Resource and Ore Reserve includes the outcomes of a successful review of previously unconverted Measured and Indicated Mineral Resources located in zones which have been technically and economically assessed, resulting in their conversion to Ore Reserves. This together with an upgrade to the C5 Mineral Resource has resulted in the addition of approximately 1.3Mt grading 3.5% Cu for 46,000t of contained copper to the DeGrussa Ore Reserve. After taking into account underground mine depletion of ~1.6Mt over the past year, the updated Mine Plan, Mineral Resource and Ore Reserve now underpins a mine life out to early-2022, rather than CY2021 previously | |
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