Hugo Dummett

Quarterly Activities Report

Retrieved on: 
Monday, May 1, 2023
Classification, Resource, JORC, Retirement, Acquisition, Hugo, MD, IRR, Mass meeting, MRE, Zijin Mining, Corporation, Hugo Dummett, Legislation, High, EGM, PFS, JV, Strategic partnership, Glycine, NPV, Gold, Algorithm, Engineering, Data acquisition, St. Petersburg State University of Refrigeration and Food Processing Technologies, Mineral, Economics, Lead, Partnership, Stockwork, Metallurgy, Oyu Tolgoi mine, Mining, Copper, Mineral resource estimation, Cryptocurrency, Management, Security (finance), Engineered wood, Tunnel, Oil, Extractive metallurgy, Petroleum

TORONTO, May 01, 2023 (GLOBE NEWSWIRE) --

Key Points: 
  • The successful delivery of this strategy is good for Xanadu, for our Shareholders, for Zijin our partner, and for Mongolia.
  • We look forward to providing regular updates as the work program advances over the next 18 months.”
    Figure 1.
  • During the March Quarter, the Company commenced its PFS, Infill Drilling and Discovery Exploration activities which are funded by US$35 million from the JV with Zijin.
  • All resolutions were approved by Shareholders.15
    Key activities planned during the quarter ending 31 June 2023 (June Quarter) include:
    Data Acquisition for the Kharmagtai PFS including Infill Drilling, Metallurgy and Geotechnical focus areas.

Oyu Tolgoi mine design confirms project schedule and cost ranges and update to Ore Reserves and Mineral Resources

Retrieved on: 
Thursday, July 2, 2020
Mining, Minerals, Natural Resources, Mining, Companies, Oyu Tolgoi mine, Ömnögovi Province, Mines, Hugo Dummett, Rio Tinto, OT, Turquoise Hill Resources, Khanbumbat Airport

The updated study incorporates a new mine design for Panel 0 of the Hugo Dummett North underground mine at Oyu Tolgoi.

Key Points: 
  • The updated study incorporates a new mine design for Panel 0 of the Hugo Dummett North underground mine at Oyu Tolgoi.
  • The new design also confirms that the caving method of mining remains valid and that the underground schedule and costs remain within the ranges previously disclosed.
  • We remain focused on delivering the underground project safely and within the guidance ranges we have announced on both cost and schedule.
  • On 3 July 2020 Rio Tinto released to the Australian Securities Exchange (ASX) updated Mineral Resources and Ore Reserves for the Oyu Tolgoi mine.