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Mineweb reported that Broken Hill Prospecting Ltd (ASX:BPL) has increased its inferred resource inventory for the Pyrite Hill project.
Mineweb reported that Broken Hill Prospecting Ltd (ASX:BPL) has increased its inferred resource inventory for the Pyrite Hill project.
As quoted in the market news:
Managing director Dr Ian Pringle said there was new potential for 14-24 Mt of similar mineralisation. He said the combined Pyrite Hill and Bill Hill inferred resource on the company’s licence south west of Broken Hill was now 20.8Mt of 1.87lb/t.
Mr. Pringle said:
The mineralisation occurs close to surface and is an excellent kick start for feasibility studies for a future open cut mine capable of initial production throughput of 4-5 Mt per year.