ALB 7.14% 4.5¢ albion resources limited

Ann: Trading Halt , page-7

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  1. ITS
    2,350 Posts.
    lightbulb Created with Sketch. 18
    the finding got to be good news if you read the following statement just a day ago.......current mineral deposit 90,000 ton ...... so the new finding will be much more than 90,000 or it's about new projects.

    Read the following statement


    The Senior Management of Albidon recently engaged experienced Mining Consultants, Mining Plus, to update and confirm the company?s Reserve and Resource detail for the Enterprise Deposit at the Munali Nickel Mine, Zambia and the finding of this review is now enclosed.

    The report has been prepared in accordance with the Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and the company has today verified the final finding.

    Senior Management are delighted with the results of this review and believe this underpins the company?s plans to fast track development of the deposit. In addition to this, Senior Management proposed to undertake an exploration programme to extend the size of this deposit and enhance the mines life. Detail about this will be available when possible.
 
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