Zamia Increase
Listed minerals finder Zamia has reported a 56% increase in resources estimated for its molybdenum deposit based in Queensland.
The latest rise has taken the molybdenum resource estimate to around 20-million tons, at 810 parts per million molybdenum.
At molybdenum cut-off grade, the resource raised by 38%, to 173-million tons.
“It is therefore expected that with further planned reverse circulation (RC) and deeper diamond drill testing of this potential, as well as testing of the unestimated part of the pit shell, the resource will continue to increase,” Zamia said.
