AddressLevel 1, 1 Havelock St. West Perth. Perth, WA, 6005.
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What you should know about Tethyan Copper Company Ltd
However, it continues to own and progress feasibility smooth nickel projects as well as several resource glossy and advanced stage exploration projects in the Kambalda District. Six active gold prospects and two development ready nickel projects. Given the very lofty prospectively of the area and with all the gold resources at minimum partly open, there is the potential to build a long term gold business through ongoing exploration. The prospect is an extension of the mineralised trend from the Bass pit, which was previously mined by Resolute, produced 7,150 ounces of gold. The area has not been subject to sustained gold exploration for nearly 20 years. The reversion of the gold rights to mincer, together with substantial exploration data, has created an extraordinary new opportunity in gold for the Company in this highly prospective terrain. However, there is a range of maintenance levels that can be applied, each with its own cost. This work identified an opportunity to permit a controlled and prejudiced flooding of the lower levels of the north and south declines, with an option in premature FY2018 to continue pumping prior significant mine infrastructure is flooded. The reestablishment cost at that point is estimated to be 6.1 million, which was weighed against the cost of packed maintenance to that point of an estimated 6.0 million. Infill drilling is needed to permit for the estimation of a Mineral Resource, however mincer has identified an Exploration Target within the area of drilling of between 400,00 and 500,00 tonnes at grades of between 3 and 4 nickel. The overhead Exploration Target does not include meaningful additional potential lying outer the area that has been drilled, including both down plunge and in excess channel structures associated with the magnetic high. mincer’s North Kambalda tenements cover the northern third of this Dome and have produced nickel from seven known ore systems, including Otter Juan, the single biggest producer in the District. This work demonstrated the likely presence of a third channel structure, down dip of the Otter Juan and LongDurkin channel structures, each of which has produced more than 100,00 tonnes of nickel. Expectations are therefore high that this third structure could be another one of these giant, high grade ore bodies. The North Kambalda nickel prospectivity reinforces the value of mincer's option to restart nickel exploration when prices recover. The big sulphide zone forms the lowermost unit, and lies directly on the underlying basalt unit. There is immense variability throughout the ore bodies. Mr Muccilli is a geologist with over 25 years' experience. Mr Muccilli has extensive experience in mining, project development and exploration in Australia. A graduate of the Western Australian School of Mines, he has worked as a mining engineer, mine manager, observe manager, project manager, project director and managing director. He has been directly involved in a number of new project developments in the gold, nickel and diamond sectors both in Australia and offshore. He has over 30 years' involvement in the Australian and international resources' industry encompassing mini operations, project development, business development and corporate administration. mincer recognizes its responsibilities to all its stakeholders and will ensu