MMG (01208): Continuous Exploration and Resource-to-Reserve Drilling at Mines Has Consistently Replenished Processing Consumption Over the Years

Stock News
Sep 25

MMG (01208) has released its latest mineral resources and ore reserves statement for the group as of June 30, 2025. The key changes in the mineral resources and ore reserves statement as of June 30, 2025 include: • Increases in the group's mineral resources (contained metal): copper (3%), lead (5%), molybdenum (10%), silver (3%), and gold (29%). • Decreases in the group's mineral resources (contained metal): zinc (-0.5%) and cobalt (-2%). • Increases in the group's ore reserves (contained metal): zinc (13%), lead (10%), cobalt (3%), molybdenum (5%), and gold (10%). • Decreases in the group's ore reserves (contained metal): copper (-2%) and silver (-5%). These results demonstrate that MMG's continuous exploration and resource-to-reserve drilling work across its mines over the years has consistently replenished processing consumption while further increasing mineral resources and ore reserves. The Rosebery and Dugald River mines achieved significant improvements in mineral resources and ore reserves through geological and mining studies. The Ferrobamba open-pit orebody resources at the Las Bambas mine also increased, and combined with the latest scoping study of the Ferrobamba underground orebody, effectively replenished copper mineral resource consumption over the past twelve months for the second consecutive year. Leveraging mining studies at the Kinsevere mine, the Nambulwa and Dianzenza (DZ) areas reported ore reserves for the first time, while mineral resources in the Kimbwe Kafubu area nearly doubled compared to the first report in 2024.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10