Navarre Minerals has issued its latest annual mineral resource and ore reserve statement for the group to the end of 2022, highlighting new drilling information and mining depletion.
Group gold ore reserves saw a substantial growth of 48% despite net depletion, taking the reserve to 10.4 million tonnes (Mt) @ 0.9 g/t gold for 308,000oz of gold. This also includes a 131% increase in Ore Reserve gold ounces at Crush Creek to 1.7Mt @ 2.2 g/t gold for 125,000oz of gold. This includes results from the Mt Carlton Operation and Crush Creek Project in Queensland.
Total ore reserves stand at 308Koz of gold, 6.3Moz of silver and 6,763t of copper (previously 208Koz gold, 3.0Moz silver & 2,150t copper.)
Group Gold Mineral Resources stand at 17.0Mt @ 1.4 g/t gold for 791,000 ounces of gold, which includes Mt Carlton’s contribution of 13.2Mt @ 1.2 g/t gold for 487,000oz of gold.
The previous estimates at the Resolution and Adventure deposits in the Stawell Corridor project in Victoria remain unchanged from last year.
Read the full announcement here: Group Annual Mineral Resource and Ore Reserve Statement