'Mali Lithium has a world-class, fully permitted, high-grade project in a politically impartial and stable mining jurisdiction, with an maiden probable ore
reserve of 31.2Mt @ 1.56% Li2O3 which converts to a 16-year mine life.
In line with the initial schedule, the Company expects to provide an update on Measured & Indicated Mineral Resources along with a Maiden estimate of Proven & Probable Ore
Reserves for Sukhoi Log in the first half of 2020.
In December, Global Ferronickel reported that the proven and probable ore
reserves at the Cagdianao mine went up by 21 percent to 43.8 million WMT from the 36.3 million WMT recorded in June.
Our property currently does not contain any known proven or probable ore
reserves under SEC reporting standards.
Proved and Probable Ore
Reserve for product once mined, processed and marketed totals 532,607 ounces of gold, 11,305 tonnes of copper and 1,711,075 ounces of silver.
The SEC permits companies, in their filings with the SEC, to disclose only proven and probable ore
It has continued to grow proven and probable ore
reserves at its flagship Sukari project in Egypt.
The firm stated that proven and probable ore
reserves at the mine were at 589 million metric tons effective June 30 with a copper grade of 1.81 percent and a uranium grade of 0.59 kilograms per ton.
The project has proven and probable ore
reserves of 55 Mt, at an average grade of 1.6 g/t, within resources of 67 Mt at the same grade contained in seven planned open pits.
Present reserves at the A-J include 63.6 million tons of proven and probable ore
with a grade of 0.052 ounces per ton, and 42.1 million tons of possible ore, grading 0.051 ounces per ton.