Announcement Date: 2023-04-10
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Navarre Minerals Ltd.
Project name: Mt Carlton
Location: Australia
Commodities: Gold,Silver,Copper
Highlight: Updated Resource and Reserve Estimates for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Navarre Minerals Limited (ASX:NML) (Navarre or the Company) is pleased to report the Company’s Annual Mineral Resource and Ore Reserve Statement as at 31 December 2022. The Statement reflects significant growth in Ore Reserves to 308Koz of gold, 6.3Moz of silver and 6,763t of copper (previously 208Koz gold, 3.0Moz silver & 2,150t copper) after accounting for the impact of mining depletion and exploration success. A detailed breakdown of the Company’s Ore Reserves and Mineral Resources at 31 December 2022 is presented in the tables below. This Statement contains Mineral Resource and Ore Reserve estimates for Navarre’s wholly owned Mt Carlton operation in Queensland, inclusive of the Crush Creek project, along with an unchanged Mineral Resource estimate for the Resolution and Adventure deposits (100% Navarre) in the Stawell Corridor in Victoria (see Figure 1). Navarre Managing Director Ian Holland said
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