Metro Mining reserves and resources update supports long-term operations
“This reserve/resource update reiterates that Bauxite Hills has a significant mine life and improves our confidence in the total resource,” says MD & CEO.
Metro Mining Ltd’s (ASX:MMI) updated bauxite reserves and resources support the company’s intention to maintain and expand production at the Bauxite Hills operations in Far North Queensland over many years.
The update has been prepared following three years of mining at Bauxite Hills and precedes the company kicking off 2021 operations later this month.
It includes depletion through mining as well as through blending decisions due to prevailing market conditions.
“Strong reconciliation”
Metro’s managing director and chief executive officer Simon Finnis said: “This reserve/resource update reiterates that Bauxite Hills has a significant mine life and improves our confidence in the total resource.
"There has been strong reconciliation from the results of mining to date and the resource and reserve model.”
Read more at proactive investors website.
Metro Mining reserves and resources update supports long-term...
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