Mount Gibson Says JV Partner Reports Increases at Northern Territory Project
MT Newswires Live
Nov 11
Mount Gibson Iron (ASX:MGX) said Tanami Gold (ASX:TAM), its joint venture partner in the Central Tanami project, in which Mount Gibson acquired a 50% interest in July, reported an increase in the project's mineral resource estimate (MRE), according to a Tuesday filing with the Australian bourse.
The MRE increased to 31 million tonnes at a grade of 2.8 grams of gold for 2.8 million ounces of contained gold, compared with the previously reported MRE on June 30, per the filing.
The results show an 18% increase in tonnes, a 9% growth in contained ounces, and an 8% decline in grade, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.