Tue, 20/03/2012 – 15:06
Origo Partners (OPP) has unveiled a maiden JORC compliant resource statement of 203.4 million tonnes of ore at the Mandal Moly molybdenum and tungsten project in Mongolia.
The ore graded 0.1261% molybdenum with total contained molybdenum metal of 256,000 tonnes.
The company has a 20% stake in Moly World, owner of Mandal Moly. In addition, a subsidiary of Origo, Origo Resource International, has been granted an off-take covering up to 20% and not less than 10% of all possible production for the life of mine while Origo holds between 5% and 20% of an interest in Moly World.