T1 UNDERGROUND (MAHUMO PROJECT) (MOD 100%)
Mahumo is located along the northern edge of the ~1,000km2 T3 Dome, approximately 20km northeast of the planned processing plant at T3, and has shown high copper grades and good silver credits.
In March 2015 MOD announced a shallow high-grade Mineral Resource for Mahumo comprising ~2.7Mt @ 2.0% Cu and 50g/t Ag, however it was concluded that a larger resource would be required before any development could be considered.
The aim of current exploration at Mahumo is to outline a substantial increase in the resource sufficient for a potential underground mine that could be a satellite to supply the planned T3 processing plant.
Due to the long strike length of Mahumo, the 20 hole resource extension program which commenced in February 2018, will consist of drilling on 200m spaced sections to scope out the underground resource potential along ~2.2km strike length to around 600m depth.
(as at 31 December 2016)