Refer attached Revised MRE by Mining Associates Pty Ltd and JORC Edition 2012 Table 1
Comment
Antilles Chairman Brian Johnson commented: “Nueva Sabana’s MRE for the first stage of the proposed mine has increased in confidence and size and the outcropping high grade gold cap will underpin a low-cost, fast start-up operation. The updated MRE will help to further advance financing negotiations which to date have progressed favourably. Nueva Sabana holds considerable unlocked value with the current MRE based on shallow drilling to only 150 metres. As such, we anticipate a much longer life operation to what has been modelled. Beyond this, the La Demajagua mine is generating increased interest based on the strengthening antimony price and we are intent on capitalising on the project’s growing appeal. I look forward to keeping shareholders updated on progress.”
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