(, , , ) updated the market on the progress Sandfire Resources Ltd has made at the A4 deposit in the Kalahari copper belt in Botswana.
Sandfire has completed a maiden probable ore reserve for the deposit comprising 114,000 tonnes of contained copper and 5.7mln ounces of contained silver (with 9.7mln tonnes with 1.2% copper and 18 grams per tonne silver).
It means that some 85% of the deposit’s contained copper is now classified as reserves and confirms the deposit as a high-grade source of additional ore feed for the Motheo copper mine, around 8 kilometres away.
“Given the speed from discovery of A4 in early Q1 2020 to today we remain confident that Sandfire will continue to deliver key milestones at a quick pace,” Michael McNeilly, chief executive of Metal Tiger, said.
