Havieron Mineral Resource Estimate Update - Exceptional Mineral Resource growth continues at Havieron
Posted: Thu Dec 21, 2023 7:13 am
Estimated Mineral Resources (including Ore Reserves) increased to 8.4Moz AuEq1 (7.0Moz Au plus 275kt Cu), an increase of 1.9M oz AuEq1 from Greatland's 2022 Mineral Resource Estimate:
- 29% increase in total gold equivalent content to 8.4M oz AuEq1.
- 28% increase in total gold content to 7.0M oz Au.
§ Continuous mineralisation confirmed between the Eastern Breccia and main Havieron Breccia domains with the definition of a new high grade "Link Zone".
§ Drilling since Greatland's previous Mineral Resource Estimate (MRE) update in March 2022 targeted the lower portion of the mineral system and has increased the ounce per vertical metre (OPVM) profile of these lower levels in line with the upper levels of the deposit. The updated MRE now averages 7,900 OPVM (gold equivalent) over the top 1,000 metres vertically.
§ The MRE update includes a 32% increase in contained gold equivalent metal in the higher confidence Indicated MRE category, which can now be considered in the updated Ore Reserve Estimate that will be part of the Feasibility Study.