MOD Resources announces Cu/Ag maiden resource

Company News

by Jessica Ellerm

 
MOD Resources Limited (ASX:MOD) has announced a substantial maiden copper/silver resource estimate at its T3 project in Botswana.
 
The company has pegged the site as being capable of producing just over 350,000 tonnes of copper and 14.27 million ounces of Silver.  
 
The T3 deposit consists of wide and continuous zones of shallow dipping mineralization, making it ideal for low cost open pit mining. 
 
The resource estimate comes in only 6 months after visible copper mineralization was identified.
 
MOD Resources reported a net loss of $1.2 million at 30 June 2016. 

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