Resource Estimates
Onedin and Sandiego
The Onedin and Sandiego copper-zinc-gold-silver deposits are at an advanced stage of exploration with mineral resources defined. In addition, drilling targets have been identified at various other advanced prospects, with numerous other promising zones of surface mineralisation and geophysical anomalism worthy of further exploration and assessment. Click here for a full copy of the latest CSA Global Resource Estimate Report dated 4 April 2022. Indicated and Inferred Mineral Resources have been estimated by CSA Global for the Sandiego and Onedin deposits in conformance with the JORC Code (2012) as set out below.
2022 Onedin Mineral Resource Estimate and Metal Tonnes
| Zone |
Classification |
Tonnes
(Mt) |
Copper
(%) |
Zinc
(%) |
Gold
(g/t) |
Silver
(g/t) |
Lead
(%) |
Cu
Dominant |
Indicated |
1.5 |
1.1 |
0.6 |
0.2 |
47 |
1.2 |
| Inferred |
- |
- |
- |
- |
- |
- |
Zn
Dominant |
Indicated |
3.3 |
0.5 |
4.3 |
0.1 |
34 |
1.0 |
| Inferred |
- |
- |
- |
- |
- |
- |
Resource Total and
Grades |
4.8 |
0.68 |
3.15 |
0.13 |
38 |
1.07 |
| Zone |
Classification |
Tonnes
(Mt) |
Copper
(tonnes) |
Zinc
(tonnes) |
Gold
(oz) |
Silver
(Moz) |
Lead (tonnes) |
Cu
Dominant |
Indicated |
1.5 |
16,500 |
9,000 |
9,600 |
2.27 |
18,000 |
| Inferred |
- |
- |
- |
- |
- |
- |
Zn
Dominant |
Indicated |
3.3 |
16,500 |
141,900 |
10,600 |
3.61 |
33,000 |
| Inferred |
- |
- |
- |
- |
- |
- |
| Total Metal Tonnes |
|
33,000 |
150,900 |
20,200 |
5.88 |
51,000 |
Note: (1) Reported tonnes and grade are rounded
(2) Reporting cut-off grades of 0.4% Cu and 1% Zn have been applied to the Onedin deposit
2022 Sandiego Mineral Resource Estimate and Metal Tonnes
| |
Classification |
Tonnes
(Mt) |
Copper
(%) |
Zinc
(%) |
Gold
(g/t) |
Silver
(g/t) |
Lead
(%) |
Cu
Dominant |
Indicated |
1.7 |
2.3 |
0.8 |
0.3 |
18 |
0.2 |
| Inferred |
0.3 |
1.6 |
3.0 |
0.2 |
5 |
0.0 |
| |
Sub Total |
2.0 |
2.2 |
1.1 |
0.3 |
16 |
0.1 |
Zn
Dominant |
Indicated |
2.0 |
0.6 |
7.3 |
0.1 |
35 |
0.7 |
| Inferred |
0.1 |
0.2 |
6.1 |
0.1 |
10 |
0.1 |
| |
Sub Total |
2.1 |
0.6 |
7.3 |
0.1 |
34 |
0.7 |
Resource Total and
Grades |
4.1 |
1.38 |
4.28 |
0.2 |
25 |
0.41 |
| |
Classification |
Tonnes
(Mt) |
Copper
(tonnes) |
Zinc
(tonnes) |
Gold
(oz) |
Silver
(Moz) |
Lead
(tonnes) |
Cu
Dominant |
Indicated |
1.7 |
39,100 |
13,600 |
16,400 |
0.98 |
3,400 |
| Inferred |
0.3 |
4,800 |
9,000 |
1,900 |
0.05 |
0 |
| |
Sub Total |
2.0 |
43,900 |
22,600 |
18,300 |
1.03 |
3,400 |
Zn
Dominant |
Indicated |
2.0 |
12,000 |
146,000 |
6,400 |
2.25 |
14,000 |
| Inferred |
0.1 |
200 |
6,100 |
300 |
0.03 |
100 |
| |
Sub Total |
2.1 |
12,200 |
152,000 |
6,700 |
2.28 |
14,100 |
| Total Metal Tonnes |
|
56,100 |
174,700 |
25,000 |
3.31 |
17,500 |
Note: (1) Reported tonnes and grade are rounded
(2) Reporting cut-off grades of 0.8% Cu and 3% Zn have been applied to the Sandiego deposit
Emull
The Emull copper deposit was the subject of significant drilling several years ago by Northern Star Resources and after further drilling by AuKing during 2022, a maiden resource estimate has been published and is shown below. There is potential for this resource to be significantly increased as further drilling is planned along an anomalous zone to the north-west. Click here for a full copy of the latest Ashmore Advisory Resource Estimate Report dated 1 December 2022. Indicated and Inferred Mineral Resources have been estimated by Ashmore Advisory for the Emull deposit in conformance with the JORC Code (2012) as set out below.
Emull Base Metals Deposit
December 2022 Mineral Resource Estimate (0.15% Cu Cut-off)
| |
Indicated Mineral Resource |
| Type |
Tonnage
Mt
|
Cu
% |
Zn
% |
Pb
% |
Ag
g/t |
Cu
t |
Zn
t |
Pb
t |
Ag
koz |
Oxide
Transitional
Fresh |
0.26 |
0.28 |
0.72 |
0.16 |
5.4 |
700 |
1,800 |
400 |
50 |
| 0.34 |
0.29 |
0.68 |
0.17 |
7.0 |
1,000 |
2,300 |
600 |
80 |
| 1.8 |
0.31 |
0.57 |
0.14 |
6.6 |
5,600 |
10,400 |
2,400 |
390 |
Total
|
2.4 |
0.30 |
0.60 |
0.14 |
6.6 |
7,300 |
14,500 |
3,400 |
510 |
| |
Indicated Mineral Resource |
| Type |
Tonnage
Mt
|
Cu
% |
Zn
% |
Pb
% |
Ag
g/t |
Cu
t |
Zn
t |
Pb
t |
Ag
koz |
Oxide
Transitional
Fresh |
0.04 |
0.24 |
0.23 |
0.05 |
3.1 |
100 |
100 |
- |
- |
| 0.05 |
0.25 |
0.18 |
0.04 |
3.4 |
100 |
100 |
- |
10 |
| 9.7 |
0.26 |
0.33 |
0.08 |
4.6 |
25,200 |
32,300 |
7,400 |
1,420 |
Total
|
9.8 |
0.26 |
0.33 |
0.08 |
4.5 |
25,400 |
32,500 |
7,400 |
1,430 |
| |
Indicated Mineral Resource |
| Type |
Tonnage
Mt
|
Cu
% |
Zn
% |
Pb
% |
Ag
g/t |
Cu
t |
Zn
t |
Pb
t |
Ag
koz |
Oxide
Transitional
Fresh |
0.29 |
0.28 |
0.66 |
0.14 |
5.2 |
800 |
1,900 |
400 |
50 |
| 0.39 |
0.28 |
0.61 |
0.15 |
6.6 |
1,100 |
2,400 |
600 |
80 |
| 11.5 |
0.27 |
0.37 |
0.09 |
4.9 |
30,800 |
42,700 |
9,800 |
1,810 |
Total
|
12.2 |
0.27 |
0.38 |
0.09 |
4.9 |
32,700 |
47,000 |
10,800 |
1,940 |
Note: The Mineral Resource has been compiled under the supervision of Mr. Shaun Searle who is a director of Ashmore Advisory Pty Ltd and a Registered Member of the Australian Institute of Geoscientists. Mr. Searle has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he has undertaken to qualify as a Competent Person as defined in the JORC Code.
All Mineral Resources figures reported in the table above represent estimates at December 2022. Mineral Resource estimates are not precise calculations, being dependent on the interpretation of limited information on the location, shape and continuity of the occurrence and on the available sampling results. The totals contained in the above table have been rounded to reflect the relative uncertainty of the estimate. Rounding may cause some computational discrepancies.
Mineral Resources are reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (The Joint Ore Reserves Committee Code – JORC 2012 Edition).
Emull Base Metals Deposit Mineral Resource Estimate
