NVRO Metals Limited (TSXV: NVRO), a clean technology company focused on recovering precious and critical metals from sulfidic feedstock, has announced the results of a draft independent mineral resource estimate (MRE) for its NVRO Metals Hub in Australia's Northern Territory. The estimate follows the company's acquisition of Northern Territory Resources Pty Ltd.
Resource Estimate Details
The MRE, prepared by Measured Group Pty Ltd in accordance with National Instrument 43-101, confirms a combined mineral resource of approximately 77.6 million tonnes (measured, indicated, and inferred) grading 1.69% copper-equivalent across oxide and sulfide domains. The resource contains copper, cobalt, silver, lead, nickel, and zinc.
Key Highlights
- Combined Mineral Resource of 77.6 million tonnes grading 1.69% CuEq
- Sulfide-domain Mineral Resource of 61.7 million tonnes grading 1.86% CuEq
- Oxide Mineral Resource of 15.9 million tonnes grading 1.01% CuEq
- Resource estimate consolidates Browns, Browns East, Area 55, and Mount Finch deposits
- 94.2% of the combined resource is measured or indicated
In-Situ Metal Resources
- Copper: 356,000 tonnes
- Lead: 1,823,000 tonnes
- Zinc: 310,000 tonnes
- Cobalt: 69,800 tonnes
- Nickel: 62,100 tonnes
- Silver: 20,951,000 oz
The MRE was supported by 360,000 drill meters, 5,761 drill holes, 1.5 million assays, and a historical spend of $60 million on database collection. Management believes this represents a significant milestone for the NVRO Metals Hub, providing independent validation of the asset's scale and strategic significance.
Future Plans
The resource estimate establishes the foundation for near-term copper, cobalt, and nickel production from oxides, development of the sulfide resource, and testing of the NVRO Process on sulfides. This could lead to long-term production of multiple metals and the development of the NVRO Metals Hub as a centralized critical minerals processing platform.
