EQ Resources Limited (ASX:EQR) has reported significant progress in the preparation of the reopening of the Andy White Open Pit at its flagship Mt Carbine Tungsten Project in Queensland.
The company has recently announced a major 64% increase of its JORC Indicated Resource (in-situ) for the Project with an update of the Mt Carbine Ore Reserves and a revised economic assessment being imminent.
In line with the mobilisation plan, EQR’s earthmoving and mining contractor, Golding, have already established team leaders at the Mt Carbine site offices. Additionally, Petros Solutions Australia Pty Ltd have been awarded the Reverse Circulation (RC) drilling which commences with an initial pit floor grade control drill programme.
The drill pattern of 7.5m and 15m centres will delineate the dig plan based on 2.5m square grade blocks. This drilling will be completed over the next four to six weeks and will provide the detailed planning needed for the first 12 months of mining.
The drill plan considers 145 RC holes with an average depth of 45m, with sampling and analysis to be completed on 1m downhole intervals.
The grade control program will be followed by a 2,000m sterilisation program to check for potential mineralization extensions below the historical waste dumps.
“It is with great pride that I can share feedback to shareholders, prospective investors and all others on the significant progress at Mt Carbine,” CEO, Mr Kevin MacNeill, said.
“With the successful dewatering of the pit and the thorough scaling and cleaning of the pit walls, we are prepared to initiate the next phase of mining. Concurrently, the haulage ramp is undergoing enhancements, setting the stage for mining operations to begin in June 2023.
“Further strengthening our operational capabilities, our mining contractor, Golding, have committed a permanent team to the Project, reflecting their confidence in our potential and future growth. These advancements mark a significant stride in EQ Resources’ journey, promising an optimistic outlook for the company.”
For further information please visit: https://eqresources.com.au/
