MRE 0.00% 87.0¢ minara resources limited

running out of high grade, page-3

  1. 5,971 Posts.
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    Further quotes -

    "Murrin Murrin East is an important additional ore source for us and will lift the grade profile when it comes on stream from the second quarter of 2011."

    Coming online - April, May, June

    Also $10m CAPEX for a road to MM-East.

    "Murrin Murrin East ore will be blended with other run-of-mine ore, lifting the processed grade to an expected range of 1.25%-1.3% nickel in 2011. The new orebody should improve the delivered grade of nickel to the plant over at least the next five years."

    "The ore stockpiles consist of approximately 20 million tonnes @ 1.02%."

    Unsure if the stockpile is for the heap leach or the processing plant, but if it's for the plant then the grade will be improved from 1.02% to 1.27%.

    I am not sure what affect the increased grade will have, but in their own words it's "lifting the processed grade" which is surely good.
 
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