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Sogosohubidu201on Jan 10, 2019 1:19pm
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Copper and Cobalt Reserve and resource of KCC mine
Copper and Cobalt Reserve and resource of KCC mineKCC mine has 4.85 million tonnes of copper reserve, but KCC has 16.57 million tonnes of copper resource and 2.27 million tonnes of cobalt resource per KAT March 2018 technical report as listed below:
(1) Measured and Indicated Resource: 283.5 Million Tonnes x 3.6% copper = 10.21 Million Tonnes of Copper.
(2) Inferred Resource: 167.8 Million Tonnes x 3.79% copper = 6.36 Million Tonnes of Copper.
Total Copper Resources of 10.21 + 6.36 = 16.57 Millions Tonnes of Copper
KCC has 2.27 million tonnes of cobalt resource:
(1) Measured and Indicated Resource: 283.5 Million Tonnes x 0.54% cobalt = 1.53 Million Tonnes of Cobalt.
(2) Inferred Resource: 167.8 Million Tonnes x 0.44% cobalt = 0.74 Million Tonne of Cobalt.
Total Cobalt Resources of 1.53 + 0.74 = 2.27 Million Tonnes of Cobalt.
Based on the copper and cobalt total resources and 300K tonnes of copper and 40K tonnes of cobalt annual production, KCC mine will last for 45-50 years. Based on the copper reserve, yes, it is about 18 years of production. The copper reserve number should be moving higher with the future update together with the increase in copper and cobalt prices.
This is one of the best copper and cobalt mines on this planet in terms of grade and resource.