Copper Hill Optimised Pits – Resource Estimate:
35 million tonnes at 0.41% copper and 0.41 g/t gold within
153 million tonnes at 0.32% copper and 0.27 g/t gold
A revised resource estimate for Copper Hill has been made by Richard Lewis, principal of Lewis Mineral Resource Consulting Pty Ltd, FAusIMM, who is a Competent Person under the meaning of the 2004 JORC Code.
The new resource is bounded by a pit design based on elevated copper and gold metal prices. There is additional mineralization estimated outside this pit design, but at present does not have reasonable prospects of eventual economic extraction and cannot be included as a resource. These resources and additional mineralization are shown in Table 1.
The total resources are the same grade and lower in tonnes than those reported in June 2011. The changes have resulted from the additional drilling carried out, the different modelling technique used and do not include the resources outside the Reporting Pit.