Kazax Announces Initial Resource Estimate of Lomonosovsky Iron Magnetite Project

By Midnight Trader,  January 14, 2013, 03:12:19 PM EDT

Kazax Minerals Inc. (KZX.V) announced the release of a National Instrument 43-101 compliant technical report on the company's Lomonosovsky Project in Kazakhstan.

The report provides a resource estimate for the Lomonosovsky Project as at December 2012, showing Measured and Indicated resources of 333.5 million tonnes grading 36.6% total iron and Inferred resources of 108.7 million tonnes grading 34.8% total iron.

The project team continues to progress the feasibility study. The milestones to submit the applications for the registration of the state reserve and the approval to start pre-strip and mining operations remains on target for the first quarter of 2013. Start-up of the pre-stripping operation remains on target for the middle of 2013.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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