MGO 0.00% 14.0¢ marengo mining limited

mgo price action, page-15

  1. 1,015 Posts.
    PNA is now a $2B ASX listed company, whose major copper project Phu Kham is located in Loas, with a proved ore reserve 160MT Cu0.56%, Au0.25g/t, Ag2.1g/t; and the total resource of Phu Kham is 210MT Cu0.53%, Au0.24g/t, Ag2.1g/t, likely [email protected]%CuEq with Cu 0.25% cut-off.

    With 0.30%CuEq cut-off, Yandera has a measured Resource of 113 Mt @ 0.57% copper equivalent, indicated Resource of 245 Mt @ 0.50% copper equivalent, and
    inferred Resource of 417 Mt @ 0.45% copper equivalent. Inferred Mineral Resource of 776 Mt of by-product metals (gold, silver and rhenium) for 2.2 Moz of gold, 42 Moz of silver and 1.5 Moz of rhenium.

    It looks like Yandera is 3 times larger than Phu Kham, and both share nearly the same ore grade.

    MGO 70% interest in Yandera is still around 550MT ore.

    PhU Kham concentrates must be trucked more than 1000Km to the sea port, and Yandera is only 300Km from harbour.

 
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Currently unlisted public company.

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