Sandfire replaces ore reserves at DeGrussa
An updated ore reserve for the DeGrussa mine, in Western Australia, has extended the copper/gold operation’s mine life to mid-2022, ASX-listed Sandfire Resources reported on Friday.
The company’s latest reserve and mineral resource update for DeGrussa includes the Conductor 1, Conductor 4 and Conductor 5 deposits, as well as the Monty mine.
Resource definition drilling in Conductor 5 and subsequent orebody remodelling resulted in an overall increase in underground ore reserves of 0.4-million tonnes and 2 000 t of contained copper. After accounting for yearly depletion of about 1.6-million tonnes, the mine life is supported for another two years.
Sandfire said that grade control drilling was under way at Monty with three underground diamond drill rigs operating. Its mineral resource and ore reserves would be updated in the second half of the year.
“This is a positive outcome which reflects our continued success in replacing ore reserves and identifying extensions of some of the key VMS lenses at DeGrussa,” said MD Karl Simich.
“Meanwhile, with the successful recent introduction of high-grade ore from the Monty mine, we are expecting a strong finish to the 2019 financial year, with copper production tracking to hit or exceed the upper end of our guidance range at 68 000 t of contained copper. As Monty mining rates continue to ramp up into next year we will see the head grade increase and further boost copper production and cash flow,” he added.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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