CuDeco reserves slump

QUEENSLAND copper producer CuDeco has announced a major reserve downgrade for its flagship Rocklands project.

CuDeco reserves slump CuDeco reserves slump CuDeco reserves slump CuDeco reserves slump CuDeco reserves slump

Mining at Rocklands

Proven and probable reserves now stand at 11.6 million tonnes at 0.87% copper and 0.21 grams per tonne gold.

This is drastically lower than the December 2015 maiden reserve of 28Mt at 0.

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