Resource Development Group posts 5.48Mt update for Ant Hill manganese project

The Market Herald
2024-11-29

Resource Development Group Ltd (ASX:RDG) has provided an update to the mineral resource estimate (MRE) for its Ant Hill manganese project in Western Australia, reporting a tonnage increase from 3.1 million tonnes (Mt) to 8.58 million tonnes.

Of that total, 4.48Mt is in the indicated category – with 17.88% manganese, 25.97% iron, and 23.66% silicon dioxide – with an additional 4.10Mt in the inferred category (with 18% manganese, 24.7% iron and 25.2% silicon dioxide).

The project – close to Nullagine in WA’s northwest – has yet to be fully drilled across the mesa outcrop which forms the basis of its deposit, but the company expects that similar grades are likely to be found in undrilled areas.

RDG said that the increase in tonnage was partly due to the fact that this MRE included areas outside of the pit optimisation shell which had provided the main data for the last estimate in December 2019. This time, new zones – particularly in the Northern Area – were also reported.

Drilling work comprising 744 holes – mostly reverse circulation (RC), but also diamond and closely spaced ‘grade control’ type – has been progressed at the project.

RDG has been trading at 1.8 cents.

Join the discussion: See what HotCopper users are saying about RDG and be part of the conversations that move the markets.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10