For thousands of other reports visit RSC's Mineral Intellingence Map
South32 Ltd.
Summary
| Project: | Cannington | |
|---|---|---|
| Deposit: | Cannington, Cannington Underground | |
| Location: | Australia | |
| Commodities: | Silver-Lead-Zinc | |
| Date: | 8/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 24-8-2017: South32 Ltd. announces a Resource Estimation report for its Cannington, Cannington Underground deposit at the Cannington project. Cannington mineral Resources and Reserves update. South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) annou | |
| Resources: | (Reserve, P+P): 23Mt @ 190g/t Ag, 5.56% Pb, 3.49% Zn at Cannington Underground | |
| CP/QP: | [Resources]: Matthew Readford (Internal) | |
| ABSTRACT: | South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) announces changes to its estimates of Mineral Resources and Ore Reserves for the Cannington silver-lead-zinc mine: A 42% increase in total estimated open cut Mineral Resource with a 20% reduction in total estimated underground Mineral Resource. A reclassification has resulted in a 24% increase in Measured Mineral Resources. A 9% increase in total estimated underground Ore Reserves with a 31% increase in Proved Ore Reserves. The Cannington polymetallic underground operation is 100% owned by South32 and is located in northwest Queensland, Australia. Full details of this update are contained in the attached report. South32 is a globally diversified mining and metals company with high quality operations in Australia, Southern Africa and South America. Our purpose is to make a difference by developing natural resources, improving people’s lives now and for generations to come. We are trusted by our owners and partners to realise the potential of their resources. We have a simple strategy to maximise the potential of our assets and shareholder returns by optimising our existing operations, unlocking their potential and identifying new opportunities to compete for capital. South32 confirms a 42% increase in the total estimated open cut Mineral Resource at Cannington to 29 Mt, compared to the previously published 30 June 2016 estimate (see Appendix 1 Table 1 and Table 2). The increase is due to a revision of the 'reasonable prospects for eventual economic extraction' criteria for open cut mining. The open cut Mineral Resource preserves the potential development option until a decision is required, beyond 2020. | |
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