MOD flies expansion flag

MOD Resources is “rethinking” the mining and processing rate that could potentially be implemented at its currently relatively modestly sized T3 copper project in Botswana.

MOD flies expansion flag MOD flies expansion flag MOD flies expansion flag MOD flies expansion flag MOD flies expansion flag

The potential change comes after an increased resource estimate to more than 400,000 tonnes of contained copper (up 16%), as well as a 30% increase in the copper price.

MOD also pointed out the “exceptional horizontal widths” of up to 180m of resources grading greater than 1% in a potential open pit.

MOD provided no formal guidance as to the higher run rate that could come into play.

Scoping work completed late last year took in a 2 million tonne per annum processing plant producing an average of 22,000tpa of copper and 665,000 ounces per annum of silver.

Drilling targeting resource extensions is underway, with regional anomalies to also be tested.