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RMG Ltd. (ASX:RMG) announced that the mineral resource for its JB zinc deposit, located at Kamarga, is now in compliance with JORC Code 2012.
RMG Ltd. (ASX:RMG) announced that the mineral resource for its JB zinc deposit, located at Kamarga, is now in compliance with JORC Code 2012. The inferred resource remains unchanged at 10.4 million tonnes at 2.7 percent zinc, 0.2 percent lead and 1 g/t silver at a cut off of 1.5 percent zinc.
As quoted in the press release:
The JORC 2012 reporting code requires that all resources must have a possibility of eventual economic extraction. Since the initial MRE was released the following work has continued to indicate that the reported Inferred Resource meets this criteria.
- Surface sampling of new higher grade zinc zones supports the potential for locating additional mineralisation
- Test work indicates that a Dense Media Separation (DMS) process can significantly upgrade the mineralisation to a saleable product at low cost
- Zinc prices have increased over 30 percent since the initial MRE release
Click here to read the full RMG Ltd. (ASX:RMG) press release.