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Tiger Resources Ltd.
Summary
| Project: | Kipoi | |
|---|---|---|
| Deposit: | Kipoi | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Copper | |
| Date: | 11/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 26-11-2019: Tiger Resources Ltd. announces a Resource Estimation report for its Kipoi deposit at the Kipoi project. Updated mineral resource and ore reserve statement. Perth, Western Australia: Tiger Resources Limited (ASX: TGS) (“Tiger or the Company”) p | |
| Resources: | (Reserve, P+P): 16.81Mt @ 1.7% Cu for 284.2Kt Cu contained | |
| CP/QP: | [Resources]: Mark Zammit, Michael Millad (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Perth, Western Australia: Tiger Resources Limited (ASX: TGS) (“Tiger or the Company”) provides an update on its completion of a re-estimation of Mineral Resources and Ore Reserves at its Kipoi Copper Project (“Kipoi or the Project”) in the Democratic Republic of Congo (“DRC”) as at 30 June 2019. Managing Director, Caroline Keats said, “The Resources and Reserves revision has re-affirmed that the Kipoi copper deposits will be in operation for many years to come providing a more robust model for the future. The revision is a reflection of the current copper market, increased operating costs, depletion and improved reserve estimate applications. Whilst the Company still has a number of challenges to overcome in terms of its current debt and cashflow, we now have renewed confidence in our deposits and their ability to produce copper.” The Mineral Resource Estimate includes updates on the Kipoi Central deposit, Kileba deposit and Kipoi Central Cobalt Stockpiles while the Ore Reserves Estimate updates the Kipoi Central and Kileba deposits. The Judeira and Kipoi North deposits as part of the Kipoi Copper Project have not been included in the re-estimation. The Lupoto copper project (Appendix 2) has not been re-estimated. All estimates were undertaken by Cube Consulting Pty Ltd (Cube). The Kipoi Central and Kileba deposits are part of the Kipoi Copper Project which is located 85km north-northwest of Lubumbashi, the provincial capital of Katanga Province in the Democratic Republic of the Congo. | |
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