ours in comparison..6 Dec 2018 12:57
A quick reminder of our MRE2 and how this compares to the QB2 discussed here this morning
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Alpala updated Mineral Resource Estimate (MRE) totals a current:
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2,050 Mt @ 0.60% CuEq (at 0.2% CuEq cut-off) in the Indicated category, and 900 Mt @ 0.35% CuEq (at 0.2% CuEq cut-off) in the Inferred category.
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Contained metal content of 8.4 Mt Cu and 19.4 Moz Au in the Indicated category.
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Contained metal content of 2.5 Mt Cu and 3.8 Moz Au in the Inferred category.
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Alpala updated MRE across both Indicated and Inferred classifications equates to a current 2.95 Bt @ 0.52% CuEq (15.4 Mt CuEq) containing 10.9 Mt Cu and 23.2 Moz Au at 0.2% CuEq cut-off, 79% of which is in the Indicated category (by metal content).
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420 Mt High Grade Core @1.47% CuEq (6.1 Mt CuEq) containing 3.8 Mt Cu and 12.3 Moz Au at 0.9% CuEq cut-off, 97% of which is in the Indicated category (by metal content).
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MRE reported using a cut-off grade of 0.2% CuEq, reflecting the reasonable potential for economic extraction by high production rate mass mining methods such as block caving.
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Increase in overall reported resource of 108% (by metal content) from 7.4Mt CuEq in Dec 2017 Maiden MRE (0.3% CuEq cut-off) to current 15.4 Mt CuEq (0.2% CuEq cut-off).
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Increase in resource of 77% (by metal content) from 7.4Mt CuEq to 13.1Mt CuEq since Dec 2017 Maiden MRE (1.08 Bt @ 0.68% CuEq, 7.4 Mt CuEq at 0.3% cut-off grade, 40% Indicated).
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Increase in high grade resource size of 99% (by metal content) from 3.1 Mt CuEq to 6.1 Mt CuEq since Dec 2017 Maiden MRE (220 Mt @ 1.44% CuEq, 3.1 Mt CuEq at 0.9% cut-off grade, 55% Indicated).
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Potential for further growth with the 2019 drilling campaign to continue to expand the deposit at Alpala SE, Alpala NW, Trivinio and Alpala Western Limb.
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