RE: RNS / ANN26 Mar 2018 00:40
Infill and Extension Drilling Builds
T3 Pit Expansion Potential
� Latest assay results build confidence in Expansion Case for planned T3 Pit
� Recent Expansion Case intersections include:
 MO-G-124D:
17.9m @ 2% Cu and 46g/t Ag from 196m downhole depth
3m @ 1.3% Cu and 10g/t Ag from 236m downhole depth
6m @ 1% Cu and 20g/t Ag from 242m downhole depth
 MO-G-121D:
16.2m @ 1.3% Cu and 22g/t Ag from 174m downhole depth
21m @ 0.7% Cu and 14g/t Ag from 196m downhole depth
� T3 Pit Infill and Expansion Case drilling program is now effectively complete
� Assays awaited from 34 additional holes with revised Resource targeted for early June
MOD Resources Ltd (ASX: MOD) today announced very encouraging assay results from the
Company�s resource infill and extension drilling program at the T3 Copper Project in Botswana. T3
forms part of a joint venture with AIM-listed Metal Tiger Plc (30%) within an extensive holding of
licences in the central and western parts of the Kalahari Copper Belt in Botswana.
As a consequence of the outstanding results delivered in the Pre-Feasibility Study (announced 31
January 2018), emphasis was placed on additional infill and extension drilling of the planned T3 open
pit. The objectives of this drilling program, which is now effectively complete, were three-fold:
1. Convert additional Inferred Mineral Resources into Indicated and Measured categories
2. Increase confidence in the Expansion Case model which assumes an ore processing rate
of 2.5Mtpa for ~3 years, followed by a processing rate of 4Mtpa for ~8 years
3. Increase reliability in the resources and the mineralisation types in the first open pit
pushback which will provide ore for the first two to three years of production
While a revised resource estimate and completion of the current T3 Pit feasibility study is required to
confirm the above objectives, results to date listed in Table 1 and plotted as Figures 1 and 2 are very
encouraging, providing further confidence in the Expansion Case model.
MOD�s Managing Director, Mr Julian Hanna, said he was very pleased by the latest results, which are
starting to confirm the potential for the Expansion Case model at T3 as well as the potential for an
overall increase in T3 mineral resources.
�The impact of the recent drilling is probably best illustrated by comparing the two long sections in
Figure 2. They show the sizeable difference between the resource announced on 24 August 2017
compared with the extent of mineralisation based on drilling information available today,� said Mr
Hanna.
A revised resource estimate is targeted for completion in early June, once the remaining assays from
34 additional holes at the T3 Pit drilling program are received.
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