| Announcement Date: | 2022-01-17 |
|---|---|
| Announcement Type: | Scoping Study |
| Announcement Code: | JORC |
| Company name: | Anax Metals Ltd. |
| Project name: | Whim Creek |
| Location: | Australia |
| Commodities: | Gold,Silver,Copper,Lead,Zinc |
| Highlight: | Scoping Study results incl. NPV (6%) of 227M & IRR of 83% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Anax Metals Limited (ASX: ANX, Anax, or the Company) is pleased to announce a JORC 2012 Mineral Resource Estimate for the high-grade Evelyn Deposit (Evelyn) and the results of the updated Scoping Study (the Study) for the Whim Creek Project (Project). The Whim Creek Project is 80% owned by Anax with the remaining 20% owned by Develop Global Limited (Develop), formerly Venturex Resources Limited (Venturex). The Scoping Study results are reported on a 100% Project basis pre-tax with all currency quoted in AUD, unless otherwise specified. The Scoping Study referred to in this ASX announcement and accompanying Study Report has been undertaken to assess the potential for the development of the Whim Creek Copper-Zinc Project. It is a preliminary technical and economic study of the potential viability of the Whim Creek Copper-Zinc Project with a nominal margin of error of ±30%. It is based on low level technical and economic assessments that are not sufficient to support the estimation of ore reserves. Further evaluation work and appropriate studies are required before Anax Metals Limited will be able to estimate any ore reserves or to provide any assurance of an economic development case. |
| Read More |
Pricing Plans
We are a SaaS business and access to announcements and data is by subscription. We offer monthly subscriptions and discounts for annual payments.
Standard
$
10
Per Month
Stay up to date with the global mining industry.
- The Opaxe Review
- Search using Explore
- 60,000 company announcements
- Access announcements older than 7 days only
Essential
$
50
Per Month
Our most popular plan, great for: Small Investors, and Mining Suppliers
- All Standard plan features; plus
- New business opportunities every day
- Customizable filters and search results
- The Opaxe Index
- Export search results to your own system
- Announcement Alerts and Notifications
- Company pages & other announcements
Premium
$
100
Per Month
Comes with Alerts and lots of data, perfect for: Mining Companies, Consultants, and Share Traders
- All Essential plan features; plus
- Drilling result comparisons
- Downloadable intercept data
- Resources and reserves data