Saloro adds resources to EQR's in-situ resource inventory
Filed with ASX · · 17 pages · English
Summary by 6ix AI
EQ Resources Limited reports an updated Mineral Resource Estimate for the Barruecopardo mine, significantly increasing its in-situ resource inventory by a notable amount due to the addition of Saloro's resources. The update indicates that a large portion of the new resources falls within the Indicated and Measured categories, enhancing confidence in the project's longevity. The company anticipates that this acquisition will effectively double its concentrate production and improve its tungsten inventory. An Ore Reserve Statement is currently being compiled to support the updated financial model for Saloro, expected to be completed soon.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from EQ Resources
- Quarterly Activities and Cash Flow Report December 2023
- EQR Completes Acquisition of Saloro S.L.U & $25m Placement
- EQR Progressing on Saloro Acquisition & Placement Update
- FIRB Approval received for Oaktree Investment in EQR
- EQR Receives Spanish Foreign Investment Approval
Later from EQ Resources
- Saloro XRT Sorting Performance Update
- Equipment received for doubling of thoroughput capacity
- Mt Carbine Hits Quarterly Production Record
- Mt Carbine Drilling reveals high-grade zones in stage 2 pit
- Quarterly Activities and Cash Flow Report March 2024
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