Maiden reserve declared at Blackthorn's Kitumba
PERTH (miningweekly.com) – Junior firm Blackthorn Resources has reported a maiden ore reserve of 33.5-million tonnes, grading 1.7% copper, at its Kitumba deposit, which forms part of the Mumbwa project area in Zambia.
The project is estimated to contain about 541 000 t of copper.
“We are very pleased at being able to announce a maiden ore reserve at Kitumba of over 500 000 t of copper in probable ore reserves, on the back of our positive prefeasibility study (PFS),” said Blackthorn MD Scott Lowe on Wednesday.
The September PFS attached a $358-million capital cost estimation to the development of the Kitumba project, to deliver yearly copper production of between 36 000 t and 40 000 t, over an 11-year life-of-mine.
Lowe stated that Blackthorn would update both the mineral resource estimate and the ore reserve towards the end of the year, and would also update the PFS with a view to optimising the economic outcomes.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation