Moly doubles Spinifex Ridge Mo/Cu resource
Source: News Bites
Moly Mines Ltd announced a major expansion of the Spinifex Ridge molybdenum/copper resource, Western Australia, with the mineral resources and mineral reserves now estimated at 658 million tonnes at 0.045% Mo, 0.080% Cu, 1.27 gpt Ag.
There is an additional large inferred resource of 390 million tonnes at 0.039% Mo, 0.069% Cu, 1.22 gpt Ag.
The more than 100% increase in resource tonnes results in a 25% decrease in Mo grade as the additional tonnage has been added in the lower grade halo around the periphery of the deposit, the company says.
- Forums
- ASX - By Stock
- MOL
- moly doubles spinifex ridge mocu resource
moly doubles spinifex ridge mocu resource
-
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)