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Carbine Resources (ASX: CRB) is an Australian resource company targeting near term production from its Mount Morgan Gold & Copper Project in Queensland.
With a recently completed Scoping Study defining a minimum 8 year mine life for the production of 36,000 ounces of gold per year for an all-in sustaining cost of only US$393/oz, Carbine is excited to continue the path to production at Mt Morgan. The operations are also projected to deliver 850tpa of copper and 230,000tpa of high grade pyrite as by-products.
Ideally located within close proximity to the major regional centres of Rockhampton and Gladstone, the 677.5 hectare Mt Morgan Project has easy access to all required infrastructure, services and utilities.
A substantial Exploration Target of 32 – 40Mt grading 0.67 – 0.79 g/t Au and 0.11 – 0.19% Cu exists at the site, providing potential for a significant increase in mine life, processing capacity and project value. This Exploration Target is not a mineral resource and is conceptual in nature.
There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the determination of a mineral resource.