Millennium Minerals Limited (“Millennium” or the “Company”) presents the 2013 update of its gold Ore Reserves for the Nullagine Gold Project (“The Project”). These Ore Reserves are JORC Code compliant.
Highlights:
- The total Project Ore Reserve as at Dec 31 2013 now stands at 8.7 Mt at 1.7 g/t Au for 464,400 contained ounces, including lower grade stockpiles of 0.4 Mt containing 11,400 ounces.
- While Ore Reserves increased at several deposits, overall there was a net decrease over the previous update due to mining depletion and use of a lower gold price (AUD $1,400 vs. $1,500/ounce previously).
For further information please download PDF attached:
