View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
September 6, 2011

Xstrata Copper increases resources at PNG project

Xstrata Copper has increased its mineral resource estimate at the Horse-Ivaal-Trukai (HIT) deposit at the Frieda River copper-gold project in Papua New Guinea (PNG). The new resource estimate consists of a total of 2,090Mt at a grade of 0.45% copper, 0.22g/t of gold and 0.7g/t of silver

By cms admin

Xstrata Copper has increased its mineral resource estimate at the Horse-Ivaal-Trukai (HIT) deposit at the Frieda River copper-gold project in Papua New Guinea (PNG).

The new resource estimate consists of a total of 2,090Mt at a grade of 0.45% copper, 0.22g/t of gold and 0.7g/t of silver, using a copper cut-off grade of 0.2% copper.

The measured resources consists of 37% of the estimated total mineral resource, 16% more than the estimate released in February 2011.

Xstrata Copper project development Asia Pacific executive general manager Peter Forrestal said that the firm has completed the drilling and technical studies for the feasibility study, which will be delivered in January 2012.

“We continue to undertake extensive environmental baseline studies and stakeholder engagement activities for the project’s environmental and social impact assessment,” Forrestal said.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The mining industry's most comprehensive news and information delivered every month. The mining industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Mining Technology