Silver Lake Resources Limited (ASX: SLR) presented its latest Mineral Resource and Ore Reserves statement as of June 30, 2023. The company reports a Group Ore Reserve of 1.44 million ounces of gold and 2,768 tonnes of copper, reflecting a 9% increase when accounting for FY23 mine depletion. Group Mineral Resources stand at 6.19 million ounces of gold and 14,400 tonnes of copper, a 9% reduction in absolute terms, or 5% lower after considering FY23 mine depletion.
At the Mount Monger site, notable highlights include a 33% increase in Ore Reserves, led by the Daisy Mining Centre and Santa Complex. The addition of the high-grade Flora Dora open pit at the Santa Complex offers new scheduling opportunities for open pit mining in January 2024. The Deflector region, despite a decrease in Ore Reserves and Mineral Resources, maintains potential for growth, supported by results from the Spanish Galleon area. Finally, at Sugar Zone, Ore Reserves have increased by 7%, and a significant drill program in FY24 aims to unlock the full potential of the resource base and the extensive land package hosting greenstone belts.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
