(via NewsDirect)
Partnered with a specialist geology team, the copper stock established a 4.6-million-tonne orebody, grading 2.45% copper for around 114,000 tonnes of the versatile base metal.
There are also zinc, gold and silver credits (grading 0.57% zinc, 0.29 g/t gold and 15.3 g/t silver) that modestly boost the mineral resource estimate.
With the revised resource at hand, the
“Having a high-grade mineral resource estimate for circa 114,000 tonnes of copper metal plus significant exploration potential is an excellent value add outcome,”
“Moreover, when reconciling Cangai Copper Mine’s favourable fundamentals with long-term global demand trends for copper, the board believes it has a compelling business case to leverage and align with a strategic development partner.”
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