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.
- 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).
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