Tiger Resources Ltd. Increases Kipoi Central Mineral Resource 7.5% to 690,000 Tonnes Copper
03.04.2014 | ABN Newswire
Perth, Australia (ABN Newswire) - Tiger Resources Ltd. (ASX:TGS) is pleased to announce an increase to the Mineral Resource at Kipoi Central, the principal deposit at its 60% owned Kipoi Copper Project, in the Democratic Republic of Congo.The updated Kipoi Central Mineral Resource estimate is based on a revised cut-off grade of 0.3% Cu (previously 0.5% Cu) and incorporates mining depletion to 31 December 2013.
HIGHLIGHTS
Kipoi Central Mineral Resource
- Kipoi Central Mineral Resource, including stockpiles, increased by 7.5% to 690,000 tonnes of copper at 31 December 2013, in comparison 575,000 tonnes of copper at 31 December 2012.
Kipoi Central Stage 1 HMS Ore Reserves
- Kipoi Central Stage 1 Ore Reserve, including high grade stockpiles, increased by 6% to 71,000 tonnes of copper at 31 December 2013.
Kipoi Central Stage 2 SXEW Ore Reserves
- Kipoi Stage 2 SXEW Ore Reserves, including stockpiles, increased by 40% to 625,000 tonnes of copper.
- Kileba and Kipoi North Mineral Resources and Ore Reserves reported in accordance with JORC 2012 (previously JORC 2004).
Managing Director Brad Marwood welcomed the increase in resources and reserves at Kipoi.
"It is pleasing to see the Kipoi Copper Project Ore Reserves increase by 191,000 tonnes to 696,000 tonnes of copper after mine depletion. We will continue our focus to add additional mineral resources and ore reserves at each of the deposits across Kipoi to further extend the current 11-year mine-life of our SXEW operations."
To view all tables and full report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TGS-673025.pdf
About Tiger Resources Limited:
Tiger Resources Ltd. (ASX:TGS) has established itself as a producing copper/cobalt company with excellent growth potential after making the transition from an explorer. We have a highly-rated portfolio of properties, all strategically located on the world renowned Katanga Copperbelt in the Democratic Republic of the Congo (DRC), central Africa.
Contact:
Tiger Resources Ltd.
T: +61-8-6188-2000
F: +61-8-6188-2099
WWW: www.tigerez.com