Monday, January 24, 2022

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Peel Mining: Releases maiden MRE for Wirlong

Peel Mining Releases maiden MRE for Wirlong

  • Peel Mining (PEX) releases a maiden indicated and inferred mineral resource estimate (MRE) for its Wirlong copper deposit in NSW
  • The MRE was based on more than 41,000 metres of reverse circulation and diamond drilling completed by Peel since 2014
  • The total MRE reads 2.45 million tonnes at 2.4 per cent copper and 8.7 g/t silver for 57,900 tonnes of contained copper and 686,000 ounces of contained silver
  • The release of the MRE provides Peel further foundation for its copper-first development strategy by adding copper-rich resources to its portfolio
  • Shares in Peel are up 4.44 per cent on the market and are trading at 23.5 cents
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