MacPhersons Resources Limited (ASX: MRP) – $0.165
08 Aug 2014
MacPhersons Resources has extended the mine life of its Nimbus silver-zinc-gold project in Kalgoorlie in Western Australia by 60%. The company has received a preliminary mine study which has increased the underground ore reserve by 60% to 741,655 tonnes at 270g/t Ag-Equivalent grade for 6.43 million ounces Ag-Equivalent grade and the overall reserve to 12.37Moz Ag-Equivalent (8.3Moz silver, 44,000t zinc, 4,800oz gold).
For further information, visit www.mrpresources.com.au
Resources Stocks To Watch is first in resources research on ASX micro to medium capital stocks. Find out what’s hot and what’s not in the resources sector.