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Kapunda Copper Resources - ASX clarification
Kapunda Copper Resources - ASX clarification.
About this update from Thor Energy Plc
[{"type":"text","content":"\n \nRNS Number : 6523F Thor Mining PLC 22 February 2018 \n\n22 February 2018\nTHOR MINING PLC\nASX CLARIFICATION\nSUBSTANTIAL COPPER RESOURCE - KAPUNDA PROJECT, SOUTH AUSTRALIA\nINFERRED ISR COPPER RESOURCE OF 119,000 TONNES CONTAINED COPPER\nThor Mining PLC announces that following a request from the Australian Securities Exchange (ASX), the Inferred Resource for the Kapunda Copper project in South Australia announced on 12 February 2018, has been re-issued on ASX, with the principle amendment being the inclusion of portions of the JORC Table1 into the body of the release, as follows:\nThe Board of Thor Mining Plc (\"Thor\" or the \"Company\") (AIM, ASX: THR), is pleased to announce that a substantial Resource estimate containing 119,000 tonnes of copper, considered amenable to In Situ Recovery techniques (\"In Situ Recovery\" or \"ISR\"), released 12 February by Environmental Copper Recovery SA Pty Ltd. (\"ECR\") and Terramin Australia Limited (\"Terramin\" ASX: \"TZN\").\nThor, as announced on 1 August 2017, is earning up to a 60% interest in ECR, which in turn is earning, from Terramin, up to a 75% interest in the mineral rights and claims over the portion of the historic Kapunda copper mine in South Australia recoverable by way of in situ recovery techniques. Subject to full earn in Thor would therefore hold an effective 45% interest in Kapunda.\n \nHighlights:\n· An Inferred Resource estimate of 47.4 million tonnes (MT) grading 0.25% copper (Cu), containing 119,000 tonnes of contained copper;\n· Resource estimate is only for that part of the Kapunda mineralisation dominated by copper species (copper oxides and secondary copper sulphides) that is considered amenable to ISR techniques;\n· Estimate reports mineralisation that is within 100 metres of the surface;\n· The Resource grade is well within the recommended ranges for In Situ recovery of copper and preliminary investigations of hydro geological parameters appear favourable\n· ISR processes are not burdened by the normally high capital and operating cost activities of mining, crushing, grinding, and often flotation associated with conventional mining and processing operations. Subject to feasibility study outcomes at Kapunda, the...