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Galaxy Resources Limited updated 2019 Mineral Resource and Oil Reserve

1 min read | March 11, 2020 02:43 AM GMT | By Team Kalkine Media
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Galaxy Resources Limited (ASX:GXY) provided an update on the estimates of Mt Cattlin Ore Reserve and Mineral Resource as at 31 December 2019.
Additionally, GXY mentions that estimates for Ore Reserve and Mineral Resource at the James Bay Project in Canada and the Sal de Vida Project in Argentina have not changed during 2019.
For Mt Cattlin, updated Mineral Resource and Ore Reserve estimate as at 31 December 2019 are as follows:
- Revised Mt Cattlin Mineral Resource Estimate: 157 ppm Ta2O5 and 14.6Mt @ 1.29% Li2O.
- Revised Mt Cattlin Ore Reserve Estimate: 155 ppm Ta2O5 and 8.2Mt @ 1.29% Li2O.
- Ore Reserve recast with 0% mining dilution factor and depletion of 2.1Mt from mining operations.

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