For thousands of other reports visit RSC's Mineral Intellingence Map
Xanadu Mines Ltd.
Summary
| Project: | Kharmagtai | |
|---|---|---|
| Deposit: | Kharmagtai | |
| Location: | Mongolia | |
| Commodities: | Copper-Gold | |
| Date: | 4/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Scoping Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-4-2019: Xanadu Mines Ltd. announces a Scoping Study report for its Kharmagtai deposit at the Kharmagtai project. Scoping Study for Kharmagtai open pit. The Scoping Study referred to in this announcement has been undertaken to determine the potential vi | |
| Resources: | (Resource): 468.9Mt @ 0.41% CuEq (Inf.) 129.3Mt @ 0.54% CuEq (Ind.) | |
| CP/QP: | [Overall Report]: Gordon Zurowski (CSA Global Pty Ltd.) | |
| ABSTRACT: | The Scoping Study referred to in this announcement has been undertaken to determine the potential viability of an open pit mine with a conventional milling and flotation circuit to produce multiple metal concentrates. The Scoping Study is a preliminary technical and economic study based on low-level technical and economic assessments that are not sufficient to support the estimation of Ore Reserves. Further evaluation and appropriate studies are required before the Company will be able to estimate any Ore Reserves or provide any assurance of an economic development. Having regard to ASX Listing Rules Guidance Note 31 Reporting on Mining Activities (ASX GN31), the Company does not disclose in this announcement any production targets, forecast financial information or income-based valuations related to the Scoping Study, but instead the Company discloses appropriate information of a technical nature to ensure that the market is properly informed of the Company’s prospects. Accordingly, the Company hereby makes certain aspirational statements and discloses the parts of the Scoping Study that do not contain production targets. The aspirational statements are based on the Company’s current expectations of future results or events and should not be solely relied upon by investors when making investment decisions. The Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Resources 2012 (JORC Code) (issued by the Joint Ore Reserves Committee), and the Canadian National Instrument (“NI”) 43-101, compliant Mineral Resource estimate issued by the Company in its ASX/TSX Announcement on 31 October 2018, forms the basis for the Scoping Study that is the subject of this Announcement. Conceptual modelling of the Kharmagtai open pit, considered in the Scoping Study, originates from Indicated and Inferred Mineral Resources. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration will result in the determination of Indicated Mineral Resources. | |
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