Vector completes its internal review of the Adidi-Kanga 2013 Mineral Resource Estimate (reported under SAMREC), with independent verification completed by BM Geological Services (“BMGS”)
▪ Verification process has resulted in an upgrade in the Mineral Resource Estimate to 15.0Mt @ 6.6g/t Au for 3.2Moz of contained gold, reported in line with JORC 2012 guidelines
▪ Updated JORC (2012) Mineral Resource Estimate includes 46% in indicated category for 6.9Mt at 6.74g/t Au for 1.5Moz and 8.1Mt at 6.6g/t Au for 1.7Moz in inferred category
▪ Validation of the interpretation, data density and data quality confirms the previous resource classification process and outcome
▪ Mineral resource conversion and verification process completed as part of due diligence process, with second stage of work planned with independent consultant BMGS (Perth) for an in-depth modification to the Mineral Resource Estimate including re-estimation and re-wireframing after the acquisition has been completed
Vector Resources Limited (“Vector” or the “Company”) is pleased to announce that following an independent resource verification process, it has finalised the conversion of the historical SAMREC Mineral Resource Estimate prepared by AngloGold Ashanti in 2013 (refer ASX Announcement of 22 December 2017) for the Adidi-Kanga Gold Project to a JORC (2012) compliant Mineral Resource Estimate of 3.2 million ounces of contained gold.
VEC Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
