For thousands of other reports visit RSC's Mineral Intellingence Map
Strategic Minerals Plc
Summary
| Project: | Leigh Creek | |
|---|---|---|
| Deposit: | Paltridge North | |
| Location: | Australia | |
| Commodities: | Copper | |
| Date: | 4/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-4-2019: Strategic Minerals Plc announces a Resource Estimation report for its Paltridge North deposit at the Leigh Creek project. Updated mineral resource estimate at the project and new drill results. Commenting, John Peters, Managing Director, Strate | |
| Resources: | (Resource, Total): 1.423Mt @ 0.76% Cu | |
| CP/QP: | [Resources]: David Larsen (D&J Larsen Consulting Pty Ltd.) | |
| ABSTRACT: | Commenting, John Peters, Managing Director, Strategic Minerals, said:"The production of the first tonne of high grade copper concentrate, in the form of cement, is a major milestone in the development of LCCM. At acquisition, in March 2018, a strategic plan was adopted that set out a low capital cost to re-start operations, an ambitious time frame to initial cash flows, high operating margins and upside potential for the copper resources within the existing Mining Leases.The restart of production in 13 months from acquisition has reinforced the Board's confidence that the acquisition of LCCM will prove to be a major value added asset for the Company and will provide significant on-going after tax cash flows from 2020."The Board of SML thanks the LCCM team and our engineering contractors (PPM Global) for the excellent work they have conducted in restarting production at the Mountain of Light facility." | |
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