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Mining Weekly reported that the resource estimate for TNG’s (ASX:TNG) Mount Peake project has been increased.
Mining Weekly reported that the resource estimate for TNG’s (ASX:TNG) Mount Peake project has been increased.
As quoted in the market news:
The updated resource incorporated the results of diamond and reverse circulation drilling completed earlier this year, and represented a significant increase from the previous inferred resource estimate of 139-million tons. TNG said on Wednesday that around 70% of the current resource, or 112-million tons, has been classified as indicated and was available for conversion to ore reserves.