Crusader updates Borborema resource
JOHANNESBURG (miningweekly.com) - A revised ore reserve estimate at Crusader Resources' Borborema gold project, in the Seridó area of the Borborema province, in north-eastern Brazil, represents a production plan comprising four-million tonnes a year for 11 years life-of-mine.
The ASX-listed company said that it was also currently pursuing an optimisation of the production plan at its 100%-owned project, which consists of three mining leases covering a total area of 29 km² including freehold title over the main prospect area.
"This optimisation exercise is dependent on work that has not yet been completed to a sufficient level of confidence to include in the estimation of ore reserves and is referenced as future work for the project," the company said in a statement.
The ore reserve estimate demonstrated that Borberema was an economically mineable project when applying the stated ore reserve modifying factors. However, the company intends to pursue the additional optimisation work in the near future to further enhance the technical and financial optimisation.
This was based on processing two-million tonnes a year of an initial 20-million tonnes a year of ore for an initial ten-year period.
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