The Maiden Ore Reserve Estimate was prepared by Australian Mine Design and Development (AMDAD). The Ore Reserve is based on a 10-year open pit only mine plan also prepared by AMDAD. The ore reserves were released to the market on 11th December 2015.
The current operating plan for the Project is to mine the deposit via open cut methods and direct feed process for 7-8 years with process only from stockpiles for the last 2-3 years. There is scope to extend the mine life from existing resources, in particular underground access which has not been considered for this study.
Table 1 Rocklands Group Copper Project Ore Reserves as at 31 December 2015
Note : Ore Reserve Estimate includes stockpiled ore of 2.2 Mt up to the end of December 2015 and ore remaining in the designed open pits after this date.
*Proved ore includes stockpiled material of 2.2 Mt.
** CuEq – refer to ore reserve statement (see link below)