Tribune Resources (ASX: TBR) has provided the full statement of Mineral Resources and Ore Reserves for the East Kundana Joint Venture (EKJV) as at 30 June 2020.
The Mineral Resource and Ore Reserve Statement has been prepared and reported to compile with the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 edition) with the relevant Competent Persons Statement noted and attached.
The general assumptions for reporting the Mineral Resource and Ore Reserve Statement as at 30 June 2020 are outlined in the attached announcement.
Mineral Resources, inclusive of assumed modifying factors, have been estimated using a gold price of A$2,250 per ounce. Further technical and economic evaluation will be required for conversion to Ore Reserves in the future.
All Mineral Resources reported are inclusive of stated Ore Reserves. Ore Reserves, inclusive of all technical and economic factors, have been estimated using a gold price of A$1,750 per ounce.