Australia - WA
Australia - WA
Maroochydore JV
The Maroochydore Copper Project in Western Australia is subject to a Joint Venture agreement with Aditya Birla Minerals Limited (ASX:ABY), which has a 50% interest in the Project and is the operator. The Project is located approximately 100km southeast of their Nifty Copper mine operations and 60km south southeast of the Telfer copper-gold mine
Maroochydore has a total estimated JORC compliant Indicated and Inferred Mineral Resource of 51 million tonnes at a grade of 1% copper and 0.04% cobalt for 0.51 million tonnes of contained copper and 20,000 tonnes contained cobalt (at a 0.5% Cu cut-off).
The Company's net attributable interest in this Mineral Resource is 25.5 million tonnes at 1% copper and 0.04% cobalt for 0.25 million tonnes of contained copper and 10,000 tonnes of contained cobalt.
In October 2007, assay results were announced, including 7m @ 2.45% Cu, from the first 7 holes of a planned 13 hole (1,500m) RC infill drilling program being undertaken by Aditya Birla Minerals Ltd. Drilling is expected to recommence in early Q2 2008, subject to drill rig availability. a 6-hole diamond drill program is also planned to obtain metallurgical test samples.
http://www.adityabirlaminerals.com.au/
The information on Mineral Resources for the Maroochydore project has been reproduced from the public reporting on the project's Mineral Resource's by the project operator, Aditya Birla Minerals Ltd. This reported Mineral Resource was signed off for Aditya Birla Minerals Ltd by Mr Ian Glacken of Snowden Mining Industry Consultants.
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