Projects
Resources
A JORC 2012 compliant resource update was released for the three previously discovered porphyry deposits at Kharmagtai in October 2018. This resource is not NI-43-101 compliant. Key assumptions, data sources and data reliability/quality information relating to this resource can be found in the Kharmagtai Independent Technical report lodged on SEDAR, dated 18 December 2018.
| Deposit | Classification | Tonnes (Mt) | Grades | Contained Metal | ||||
| CuEq (%) | Cu (%) | Au (g/t) | CuEq ( Kt) | Cu (Kt) | Au (Koz) | |||
| White Hill | Indicated | 45.2 | 0.42 | 0.3 | 0.23 | 189 | 135 | 340 |
| Stockwork Hill | 74.4 | 0.59 | 0.38 | 0.41 | 441 | 286 | 972 | |
| Copper Hill | 9.7 | 0.76 | 0.48 | 0.54 | 73 | 47 | 167 | |
| Total Indicated | 129.3 | 0.54 | 0.36 | 0.36 | 703 | 468 | 1,479 | |
| White Hill | Inferred | 412.8 | 0.4 | 0.31 | 0.17 | 1,653 | 1,299 | 2,227 |
| Stockwork Hill | 55.4 | 0.47 | 0.3 | 0.34 | 263 | 167 | 601 | |
| Copper Hill | 0.7 | 0.39 | 0.31 | 0.16 | 3 | 2 | 4 | |
| Total Inferred | 468.9 | 0.41 | 0.31 | 0.19 | 1,919 | 1,468 | 2,832 | |
See ASX announcement dated 31 October 2018 Major Increase in Kharmagtai Open-Cut Resource to 1.9Mt Cu & 4.3Moz Au for full details of resource estimation methodology and attributions. Note: All figures may not sum exactly due to rounding.
There are three deposits with resources at Kharmagtai, Stockwork Hill, White Hill and Copper Hill.
Stockwork Hill consists of two high-grade outcropping stockwork zones, the northern and southern stockwork zones with a larger body of high grade tourmaline breccia at depth. White Hill consists of a much larger, moderate grade zone of stockwork mineralisation 800m south of Stockwork Hill. Copper Hill is a smaller, high-grade zone of stockwork mineralisation offset at depth by a low angle fault. Work is underway to determine the direction of off-set and the location of this offset mineralisation, as the grades at Copper Hill make this an attractive target.
