Big plus is Mongoose West Cu-Au prospect to be drilled shortly. This will add to the 3.1 Mt at 0.55%Cu (or 17,000 tonnes of contained Cu) found at Mongoose. The Mongoose West strike is over 500 metres and will likely provide more copper once RC drilling is undertaken.
Robert has previously mentioned if Mongoose and neighbouring True North Copper pit is developed together then a greater volume of ore can be extracted, larger pit shell and ultimately more copper and gold metal units can be recovered by the nearby metallurgical facility.
RNX Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
