Comments on this forum should never be taken as investment advice.
|
|
Thread Tools | Display Modes |
#1
|
|||
|
|||
LYC: 362% increase in Ore Reserves and a 260% increase in contained REO
Significant Increase in Ore Reserves at Mount Weld
21 September 2012 Highlights: - The Ore Reserves at the Central Lanthanide Deposit are now 9.7 million tonnes, at an average grade of 11.7% REO, for a total of 1.14 million tonnes of contained REO. This represents a 362% increase in Ore Reserves and a 260% increase in contained REO compared with the prior Ore Reserves contained in the 2005 Feasibility Study. - The Ore Reserves represent more than 25 years mine life based on current production plans (22,000 tonnes per annum REO) - Ore Reserves will provide the basis for expanded operations at Mount Weld
Disclaimer: The author of this post, may or may not be a shareholder of any of the companies mentioned in this column. No company mentioned has sponsored or paid for this content. Comments on this forum should never be taken as investment advice. |
Thread Tools | |
Display Modes | |
|
|