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Turquoise Hill Resources (NYSE:TRQ,NASDAQ,TRQ,TSX,TRQ) has finalized its 2014 feasibility study for Oyu Tolgoi and presented the study to its board of directors.The study analyzes two production cases, including a reserve case and a life of mine case.
Turquoise Hill Resources (NYSE:TRQ,NASDAQ,TRQ,TSX,TRQ) has finalized its 2014 feasibility study for Oyu Tolgoi and presented the study to its board of directors.The study analyzes two production cases, including a reserve case and a life of mine case.
As quoted in the press release:
The 2014 Reserve Case includes mineral reserves from the Southern Oyu Tolgoi open pit and the Hugo North Lift 1 block cave. The LOM Case reflects the development flexibility that exists with respect to later phases of the Oyu Tolgoi deposits (Heruga, Hugo South, and the second lift of Hugo North), which will require separate development decisions in the future based on then prevailing conditions and the development experience obtained from developing and operating the initial phases of the Oyu Tolgoi Project (the “Project”). Accordingly, the 2014 LOM Case is effectively a preliminary economic assessment under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101″) and therefore does not have as high a level of certainty as the 2014 Reserve Case. The 2014 LOM Case is preliminary in nature and includes Inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the 2014 LOM Case will be realized.
Click here to read the Turquoise Hill Resources (NYSE:TRQ) press release
