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Nifty reserve hike for Metals X

The first of two planned reserve increases for this year at Metals X’s (AU:MLX) Nifty copper operation in Western Australia has boosted the underground mine life to five years at current rates and is in line with the company’s plan to establish the operation as “large, long-life asset”.

Nifty reserve hike for Metals X Nifty reserve hike for Metals X Nifty reserve hike for Metals X Nifty reserve hike for Metals X Nifty reserve hike for Metals X

Nifty looks like being a long-life operation as its large resource base is converted to reserves

The company unveiled a 59% increase in reserves from 5.24 million tonnes at 1.85% Cu for 97,000t contained metal, to 9.75Mt of ore at 1.58% Cu for 153,500t of metal.

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