Well spotted Nameuser.The annual update of the Company’s Mineral Resource and OreReserve estimates as at 31 December 2019 has now been completed. The update ofthe Mineral Resource estimates returned a total Mineral Resource of 14,000 ktgrading 3.2 g/t gold for 1,500 kozs as at 31 December 2019 (Table 1). Thisrepresents a 3% increase in tonnes and 3% increase in ounces when compared tothe total Mineral Resource as at 31 December 2018.
Price on closing on27th was HK$1.94 which is about A$0.41 and I am quite happy withthat.
Updating of the Ore Reserve estimates has lifted the total OreReserve to 3,400 kt grading 2.9 g/t gold for 310 kozs as at 31 December 2019(Table 2). This represents a 30% increase in tonnes and 33% increase in ounces,when compared to the total Ore Reserve as at 31 December 2018
Faboliden news, page-48
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