Highlights:
- Maiden Mineral Resource Estimate completed for the Enterprise Deposit within Austral's Eastern Succession tenements
- The Mineral Resource at a 0.7% Copper cut-off and to a depth of 85m below surface is:
o 0.58 Mt @ 1.3% Cu (Inferred Sulphide Mineral Resource)
- Mineralisation is tested to over 200m in depth, remains open at depth and the highgrade core appears to lengthen at depth
- The Enterprise Mineral Resource has potential to improve with further exploration and is adjacent to other current copper operations
- The maiden Enterprise Mineral Resource Estimate highlights the prospectivity of AR1's Eastern tenure
The Enterprise deposit was originally discovered and initially drilled out by
Today's maiden Mineral Resource is classified as Inferred and reflects the broad 40m by 120m drill hole spacing.
Austral has completed the maiden Mineral Resource estimate originally planned by CST to determine the next phase of resource definition infill drilling.
The maiden Mineral Resource estimate, along with preliminary mining studies has indicated the potential for a small sulphide open pit mine with toll treatment potential at one of several regional copper processing mills.
The Enterprise Mineral Resource warrants further work including drilling to test depth potential and infill current drill spacing, metallurgical evaluation and the measurement of density.
*To view the full announcement with tables and figures, please visit:
https://abnnewswire.net/lnk/X0B37323
About
Austral owns a significant copper inventory with a JORC compliant Mineral Resource Estimate of 60Mt at 0.7% Cu and 1,940km2 of highly prospective exploration tenure in the heart of the Mt Isa district, a world class copper and base metals province. The Company is implementing an intensive exploration and development programme designed to extend the life of mine and increase then review options to commercialise its copper resources.
Contact:
Investor and Media Relations Manager
T: +61-405-555-618
E: jm@janemorganmanagement.com.au
Copyright (C) 2022 ABN Newswire. All rights reserved., source