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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 Pre-Feasibility Study defining a minimum 8 year mine life for the production of 46,500 ounces per year Au equivalent at all-in sustaining costs of only US$234/oz, Carbine is excited to continue the path to production at Mount Morgan.
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 high grade Exploration Target of 4.7 – 5.8Mt grading 1.54 – 1.81 g/t Au and 0.12 – 0.17% 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.