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Independence Group NL





Report Code:JORC
Report Type:Resource Estimation
Project Stage:Mine Development
Report details:23-10-2017: Independence Group NL announces a Resource Estimation report for its Nova deposit at the Nova project. Annual mineral resource and ore reserve statement. Independence Group NL (ASX code: IGO) is pleased to provide this annual report of IGO’s M
Resources:(Reserve, Total): 13.3Mt @ 2.06% Ni, 0.83% Cu, 0.07% Co
CP/QP:[Resources]: Mark Drabble, Paul Hetherington (Optiro Pty Ltd.;Internal)
ABSTRACT:Independence Group NL (ASX code: IGO) is pleased to provide this annual report of IGO’s Mineral Resources and Ore Reserves estimates as at 30 June 2017. Commenting on the update IGO’s, Managing Director and CEO, Peter Bradford, said: “We have made good progress with our brownfields exploration programs at both Jaguar and Tropicana in FY17 delivering an increase in Mineral Resources and Ore Reserves at Jaguar as well as an increase in Ore Reserves at Tropicana as a result of the ongoing Long Island Project which is expect to be finalised in the December 2017 quarter. We also made good progress at Nova, where we have leveraged off the geometry of the Nova-Bollinger orebodies to progress grade control drilling of the whole resource model early in the mine life, delivering greater confidence in the Mineral Resource and de-risking our geological understanding. While this has lowered the resource tonnage and is expected to lower the reserve tonnage, we expect that future extensional drilling around the Nova and Bollinger orebodies will partly or fully offset this loss of tonnes. In FY18, we have numerous exploration programs planned across our extensive and highly prospective brownfields and greenfields portfolio. It is these programs which will continue to deliver future resource and reserve growth for IGO in the future.”

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