Origo Partners plc (LSE:OPP) announced that a maiden JORC-compliant resource statement has been completed at Moly World Ltd.’s Mongolian Mandal Moly molybdenum-tungsten project.
As quoted in the press release:
· Maiden JORC compliant resource statement of 203.4 million tonnes of ore grading 0.1261 per cent molybdenum with total contained molybdenum metal of 256,000 tons
· Mandal Moly has high grade, near surface resource which could support a large scale open cut mine
· Runge LLC retained to produce a scoping study which is expected to lead to the commencement of a detailed Pre-Feasibility Study