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.
MGO Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
