Teal Exploration and Mining (TL-T, TEL-J) has published updated resource figures for the Konkola North copper project in Zambia, moving about half the previously inferred resource into the indicated category.
The property’s South Limb deposit is now estimated to have 11.3 million tonnes grading 2.35% copper, plus an inferred 30.6 million at 1.6%. A previous estimate had given it an inferred resource of 49.4 million tonnes grading 1.92% copper.
The East Limb deposit has a measured and indicated resource of 13.6 million tonnes with a grade of 2.37% copper, plus 17.2 million inferred tonnes at 2.65%. The earlier resource showed 29.4 million tonnes at 2.52% copper.
A feasibility study on reopening the old mine continues, with a planned completion at mid-year.
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