Sandfire Resources (ASX: SFR) has provided a consolidated Mineral Resource Estimate (MRE) and Ore Reserve Estimate (ORE) for its Motheo asset, located in central western Botswana.
The consolidated statement includes the T3, A4 and A1 deposits and accounts for mining depletion from T3. MRE and ORE consolidated variances are reported from previous declaration dates for the A4 deposit.
HIGHLIGHTS:
- Consolidated Indicated and Inferred MRE for Motheo as at 30 June 2024 after accounting for mining depletion:
- Overall Measured, Indicated and Inferred MRE for Motheo of 64.1Mt at 1.0% Cu and 13.8g/t Ag containing an estimated 633kt of copper and 28.5Moz of silver
- Contained Mineral Resource tonnes have increased by 1% with a 3% increase in contained copper and no change in contained silver since 21 July 2021. This broadly replaces mining depletion over the intervening period and incorporates new material in the Mineral Resource
- Consolidated Proved and Probable ORE for Motheo as at 30 June 2024 after accounting for mining depletion:
- Overall Proved and Probable ORE for Motheo of 45.7Mt at 0.9% Cu and 13.5g/t Ag containing an estimated 427kt of copper and 19.8Moz of silver
- Contained ore tonnes have decreased by 8% with a 10% decrease in contained copper and a 7% decrease in contained silver since 22 September 20212
Sandfire’s Chief Executive Officer and Managing Director, Brendan Harris said:
“The Kalahari Copper Belt is an emerging copper producing region with significant untapped potential. At a strategic level, we have developed a new, multi-year exploration plan that leverages our unique geological understanding of the belt and aims to establish a minimum 15-years of life at Motheo within five years.”
