Company News Summary
Sundance Resources Announces High Grade Ore Reserves Increased by 24%
Original announcement: High Grade Ore Reserves Increased by 24%
Sundance Resources advised that the high-grade Ore Reserve for Stage One of the Mbalam-Nabeba Iron Ore Project in Cameroon and the Republic of Congo has increased by 24% to 436.3Mt @ 62.6% Fe. Increases in the high-grade Ore Reserve will enable the Stage One life of 10 years to be extended. The Company reported Stage Two has been underpinned by additional Resources of 2.3Bt of Itabirite Hematite at 38% Fe at Mbalam and 1.7Bt of Itabirite Hematite at 33.9% at Nabeba.
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