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Aeon Metals announces Resource figures upgrades

Mining News - Published on Thu, 28 Feb 2019

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Aeon Metals Ltd announced upgraded Resource figures for its 100% owned Walford Creek Project in North West Queensland. The significant increases in the M&l tonnages will enable Aeon to complete a feasibility study during 2019 for a project with a mine life of at least 10 to 15 years with the capability for modular expansion, if and when the Mineral Resource base is increased.

Independent geological consultant H&S Consultants Pty Ltd, who provided the previous Mineral Resource estimate in January 2018, incorporated drill results from the 2018 infill drill campaign to complete the upgraded Mineral Resources2.

The upgraded Mineral Resources includes:
• Copper Lode Resource (see Figure 1, 2, 3 and 4) estimated for Vardy and Marley at 17.6mt @ 2.07% CuEq1 (1.14% Cu, 0.13% Co and 28g/t Ag):
o M&l increased by 170% to 13.5mt @ 2.09% CuEql (1.13% Cu, 0.14% Co and 27g/t Ag)
o M&l Copper Lode constitutes 76% of the combined Vardy

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Posted By : Rabi Wangkhem on Thu, 28 Feb 2019
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