AVM advance metals limited

Wow!Don't forget that will be 60,000t of cathode grade copper...

  1. KKR
    1,286 Posts.
    lightbulb Created with Sketch. 501
    Wow!

    Don't forget that will be 60,000t of cathode grade copper produced each year!

    "The previous mineral resource estimate for the Kinsevere project, which was announced in November, 2005, was based on the phase 1 drill program of approximately 8,000 metres carried out on the Tshifufia, Tshifufiamashi and Kinsevere Hill deposits. The 2006 phase 2 drill program of 17,220 metres, which focused entirely on the Tshifufia deposit, resulted in the discovery of a much thicker mineralized copper zone at Tshifufia than expected.

    Bill Turner, president and chief executive officer of Anvil Mining, commented: "The drilling results from the Tshifufia deposit at Kinsevere have exceeded our expectations and, due to the size of the latest mineral resource estimate and the significant further potential that exists, we have decided to double the scale of the planned stage II SX-EW plant from 30,000 to 60,000 tonnes per annum of SX-EW copper. Given this unexpected, but positive, change in plan, the feasibility study on the stage II SX-EW development will now be completed during the second quarter of 2007."

    Phase 2 drilling on the neighbouring Tshifufiamashi and Kinsevere Hill deposits will be undertaken in 2007.

    New sulphide mineral resource of 437,000 tonnes of contained copper defined

    In addition to the oxide copper resource drilling at Tshifufia, six diamond holes were drilled beyond the base of weathering (approximately 100 metres below surface) in 2006, to further test the underlying sulphide mineralization. The first of two deep diamond holes drilled at Tshifufia in 2005, intersected 85 metres of 9.5 per cent Cu in the oxide zone, followed immediately by 272 metres of 3.2 per cent Cu in the underlying sulphide zone. Comparable results have been reported from the phase 2 program. An inferred mineral resource of 15.4 million tonnes at 2.9 per cent Cu for 436,700 tonnes of contained copper has been defined from the eight holes drilled into sulphides, to date.

    Over 17,000 metres drilled at the Tshifufia deposit in 2006

    The phase 2 drilling program on the Tshifufia deposit consisted of 95 air core holes, 102 RC holes and 23 diamond holes, for a total of 17,220 metres drilled. The results of both the phase 1 (2005) and phase 2 (2006) drill programs have demonstrated that the Kinsevere project has significant resources, with considerable upside potential. "

    All very good news

    Have a great day folks

    KKR
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
4.7¢
Change
0.001(2.17%)
Mkt cap ! $12.45M
Open High Low Value Volume
4.5¢ 4.8¢ 4.5¢ $82.24K 1.732M

Buyers (Bids)

No. Vol. Price($)
1 1433 4.7¢
 

Sellers (Offers)

Price($) Vol. No.
4.8¢ 49949 1
View Market Depth
Last trade - 16.10pm 20/06/2025 (20 minute delay) ?
AVM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.