Firefinch Limited published the Mineral Resource and Ore Reserve statement for the Morila Gold Project (Morila) for the year ending 31st December 2021. Morila Gold Project total Mineral Resources of 2.5 million ounces of contained gold: Indicated 27.4 million tonnes at 1.49g/t gold for 1.3 million ounces; Inferred 23.2 million tonnes at 1.56g/t gold for 1.2 million ounces. Total Ore Reserves of 1.1 million ounces of contained gold: Probable Ore Reserves of 23.8 million tonnes at 1.40g/t. Mineral Resource Estimate for Morila Deposit to be updated during Second Quarter 2022 leading to new Ore Reserves and a re-optimisation of the Life of Mine Plan for Morila.
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