1MC 20.0% 0.3¢ morella corporation limited

Ann: Upgraded Ore Reserve and Mineral Resource Estimates, page-4

  1. 5,440 Posts.
    lightbulb Created with Sketch. 467
    UPGRADED LITHIUM ORE RESERVE AND MINERAL RESOURCE ESTIMATE BUILDS CONFIDENCE AHEAD OF
    PROJECT COMMISSIONING
    ■ Revised Ore Reserve estimate of 34.2 million tonnes at 1.04% Li2O and 357,000 tonnes of contained Li2O, including 8.1 million tonnes in the Proved category
    ■ Revised Mineral Resource estimate of 44 million tonnes at 1.00% Li2O and 441,000 tonnes of contained Li2O, including 8.5 million tonnes in the Measured category
    ■ Upgrade reduces risks associated with grade control and orebody knowledge with almost 25% of Reserve now in the Proved category
    ■ Project remains firmly on track for commissioning in 1Q 2018 and first sales in 2Q 2018
 
watchlist Created with Sketch. Add 1MC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.