Brief: Allkem Announces Cauchari Mineral Resource And Ore Reserve Update And Project Update

Allkem

25/09/2023 02:41

Sept 25 (Reuters) - Allkem Ltd  AKE.AX :
    * CAUCHARI MINERAL RESOURCE AND ORE RESERVE UPDATE AND
PROJECT
UPDATE
    * FOR CAUCHARI TOTAL MINERAL RESOURCE ESTIMATE OF 5.95 MT
LCE, A
6% DECREASE FROM PREVIOUS ESTIMATE IN 2019
    * FOR CAUCHARI TOTAL ORE RESERVE ESTIMATE OF 1.13 MT LCE
SUPPORTING A 30-YEAR PROJECT LIFE BASED ON ORE RESERVES  ONLY
    * FOR CAUCHARI INCREASE IN DEVELOPMENT CAPITAL COST ESTIMATE
FROM
US$446 MILLION IN PREVIOUS STUDY TO US$659 MILLION

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