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Pacific Lime and Cement Limited ( (AU:PLA) ) has provided an announcement.
Pacific Lime and Cement Limited has released an amended announcement on its Star Mountains Copper-Gold Project, providing an updated Inferred Mineral Resource estimate for the Olgal deposit of 626 million tonnes at 0.27% copper and 0.26 grams per tonne gold, equivalent to 0.53% copper equivalent at a 0.2% copper equivalent cut-off. The estimate, prepared under the 2012 JORC Code and based on 23 diamond drill holes, reflects industry-standard geostatistical methods, supports reasonable prospects for eventual economic extraction using bulk mining and conventional flotation processing, and underscores the project’s potential scale while remaining at an early, Inferred-resource stage that will require further drilling and technical studies before development decisions can be made.
More about Pacific Lime and Cement Limited
Pacific Lime and Cement Limited is an ASX- and PNGX-listed resources company with interests in the copper-gold sector through its Star Mountains project in Papua New Guinea. The company is focused on advancing large-scale porphyry-style mineral assets, positioning itself within the broader base and precious metals market.
Average Trading Volume: 447,345
Technical Sentiment Signal: Hold
Current Market Cap: A$244.6M
Learn more about PLA stock on TipRanks’ Stock Analysis page.