Kasbah Resources has released a new JORC resource estimate for its Achmmach project in Morocco in which most of the ore tonnage previous classified as “inferred” has now been counted in the higher confidence “Indicated” category. In addition some ore has been classified even more firmly as “measured” for the first time. The company notes that this latest work indicates strong potential to increase the life of the mine and improve project economics.
Measured and indicated resources now amount to 126,700 tonnes of contained tin, three times the previous figure. Total measured, indicated and inferred resources now amount to 15.3 million tonnes of ore at an average grade of 0.85% tin, giving 130,100 tonnes of contained tin. A further resource upgrade is due in the third quarter of this year, which will feed into a Definitive Feasibility Study due to be completed in the fourth quarter.
In a statement Kasbah Managing Director Wayne Bramwell said: “The significant uplift in contained tin and tonnage within the measured and indicated category is another milestone for Kasbah and is an outstanding result. The conversion to the higher confidence measured and indicated categories, plus the better definition of high-grade tin mineralisation and a small component of measured category tonnage is a testament to the efforts of the Kasbah geological team over the last year.
These results substantiate the continuity, grade and quality of the tin mineralisation at Achmmach and provide the platform to extend mine life. These factors will have a potentially positive impact on project economics and a further increase in confidence from the next resource update due in Quarter 3 2013.”
