EQ Resources Limited (EQR) reported substantial progress towards restarting the Andy White Open Pit at the Mt Carbine Tungsten Project.
EQR recently reported a significant 64% increase in Mt Carbine Tungsten Project’s JORC Indicated Resource (in-situ), with an update of the Mt Carbine Ore Reserves and a revised economic assessment on the way.
Golding, EQR’s earthmoving and mining contractor, has established team leaders at the Mt Carbine site offices in accordance with the mobilisation plan. Furthermore, Petros Solutions Australia Pty Ltd has been awarded the Reverse Circulation (RC) drilling contract, which begins with an initial pit floor grade control drill program. The dig plan will be delineated by 7.5m and 15m drill patterns on 2.5m square grade blocks. This drilling will take 4-6 weeks to complete and will offer precise planning for the first 12 months of mining.
According to the company, the drill plan considers 145 RC holes with an average depth of 45m, with collection and analysis taking place at 1m downhole intervals.
Following the grade control program, a 2,000m sterilisation program will be carried out to look for prospective mineralisation expansions beneath the old waste dumps.
“It is with great pride that I can share feedback to shareholders, prospective investors and all others on the significant progress at Mt Carbine. With the successful dewatering of the pit and the thorough scaling and cleaning of the pit walls, we are prepared to initiate the next phase of mining. Concurrently, the haulage ramp is undergoing enhancements, setting the stage for mining operations to begin in June 2023. Further strengthening our operational capabilities, our mining contractor, Golding, have committed a permanent team to the Project, reflecting their confidence in our potential and future growth. These advancements mark a significant stride in EQ Resources’ journey, promising an optimistic outlook for the Company,” EQR Chief Executive Officer Kevin MacNeill said.
