Geopacific Resources (ASX:GPR) has now completed a maiden resource estimate on its Kou Sa copper-gold-silver project in Cambodia. Approximately 90% of the tonnage is now located in the indicated resource category where 3.5 million tonnes at an average grade of 1.38% CuEq have been defined. The indicated category contains approximately 602,000 ounces of silver, almost 80,000 ounces of gold as well as roughly 60 million pounds of copper.
That’s indeed a pretty small resource, but Geopacific thinks its scoping study will indicate the project is viable as the recovery rate is expected to be in the ‘high nineties’, and as the majority of the resource is located less than 70 meters from surface, the (pre-)development expenditures will probably remain quite low.
Within the 3.5 million tonnes at 1.38% CuEq, Geopacific has identified a high-grade zone containing 1.5 million tonnes at an average grade of almost 2.4% CuEq, and this will very likely be the company’s main focus zone when it’s designing a mine plan.
Fortunately Kou Sa isn’t Geopacific’s only asset, and its flagship asset remains the Woodlark gold project with a total resource estimate of 2.1 million ounces of gold in Papua New Guinea with an upside exploration potential of up to 5 million ounces.
Go to Geopacific’s website
The author has no position in Geopacific Resources. Please read the disclaimer
