Post by
mattbigham on Mar 15, 2024 6:18am
Khoemacau copper-silver mine vs. LP
MMG's newest director ' was part of the team that has advanced the Khoemacau copper-silver mine in Botswana from exploration into production backed by private equity investors'.
Taking a cursory glance at the Khoemacau Mining project website a few things immediately stand out for me.
Mr./Dr. Enders and the team forwarded that deposit into production that held an initial orebody containing 93 Mt M+I+I .
Three additional ore-bodies over the next six years were discovered containing 73Mt M+I+I for a total of 176 Mt M+I+I .
This project was independently financed and successfully brought into production in 2021. Mining commenced in February,2020.
MMG increased the La Plata resource by 25% on the success of their first,limited DP of 1,730m. in 2022.
La Plata's RC stands at 147.3 Mt..
MMG drilled to a depth of 816m in 2022-fully mineralised.
The 2023 DP drilled to a depth of 1,350m -fully mineralised.
4,530m drilled in 2023 / four drill holes. All four DH's fully mineralised.
Mineralisation extends 1.5 kms. vertically from surface with fully mineralised core.
The pending revised RC will incorporate the gold and platinum group metals along with silver and copper.
MMG tripled the 2022 drilled core in 2023 and the 2022 DP expanded the LP RC by 25%.
With the gold and platinum group metals counted and included for the first time on this project the resource expansion should be interesting.
Dare I say exciting?
With two limited DP's on the La Plata Allard system it appears that the pending resource will exceed Khoemacau's total resource of 176Mt .
La Plata is much lower grade than Khoemacau but is massive in comparison.
La Plata is also in a world-class jurisdiction surrounded by historically gigantic deposits/ mines with supporting infrastructure.
Comment by
schocor on Mar 15, 2024 6:40pm
The new board member is a big swinger and a GREAT addition to the board; he has developed several successful mines and that is a rare feat. La Plata looks good; but lets see some more drill results before we get too excited. All indications - early indications - point to success of this years drill program (encountered continuius porphory minerilization like last years super hole).