Xstrata raises Tampakan copper and Raglan nickel resource estimates UPDATE
Filed under: Mine - Tampakan, Mineral - Copper, Mineral - Gold, Mineral - Nickel, Operator - Xstrata
From: LONDON (Thomson Financial)
http://www.hemscott.com
LONDON (Thomson Financial) - Xstrata PLC said the resource estimate for the Tampakan copper-gold project in the Philippines has been increased by over 10 pct, consolidating Tampakan’s position as one of the largest undeveloped copper deposits in South East Asia, and raised inferred resource estimates at the Raglan nickel operation in northern Quebec.
The upgraded measured, indicated and inferred resource at Tampakan totals 2.2 bln tonnes at a grade of 0.6 pct copper and 0.2 grams per tonne gold and contains 12.8 mln tonnes of copper and 15.2 mln ounces of gold using a 0.3 pct copper cut-off grade. The resource estimate also includes average grades for molybdenum of 70 parts per million (ppm).
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