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).

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