MOD Resources Limited

Equities

MOD

AU000000MOD3

End-of-day quote Australian S.E. Other stock markets			5-day change	1st Jan Change
- ^AUD	-.--%		+1.16%	-2.58%

2019	Sandfire Resources NL completed the acquisition of MOD Resources Limited from Metal Tiger plc and others.	CI
2019	MOD Resources Limited(ASX:MOD) dropped from S&P/ASX Emerging Companies Index	CI

MOD Resources Ltd Announces Pre-Feasibility Study Results

January 31, 2018 at 02:50 am IST

MOD Resources Ltd. announced the pre-feasibility study (PFS) for a proposed open pit mine and copper concentrator at its 70%-owned T3 copper-silver deposit in the Kalahari Copper Belt, Botswana has delivered outstanding results. MOD has presented two cases for the PFS, with the Base Case based on a Proved and Probable Ore Reserve and an Expansion Case with a Production Target utilising the Base Case Ore Reserve and additional production from existing Inferred, Measured and Indicated Mineral Resources from Year 4. The PFS Base Case with plant throughput of 2.5Mtpa indicates a technically sound and financially robust project generating $730 million (AUD 960 million) EBITDA over 9 years. Due to the robust financial outcomes indicated by the PFS, the boards of MOD and joint venture partner, Metal Tiger Plc (30%) have agreed to proceed with a Feasibility Study (FS) commencing first quarter 2018.

Latest news about MOD Resources Limited

Sandfire Resources NL completed the acquisition of MOD Resources Limited from Metal Tiger plc and others.	23/19/23	CI
MOD Resources Limited(ASX:MOD) dropped from S&P/ASX Emerging Companies Index	10/19/10	CI
MOD Resources Limited Reports Unaudited Consolidated Earnings Results for the Half Year Ended June 30, 2019	03/19/03	CI
MOD Resources Limited and Tshukudu Metals Botswana Pty Limited Provide Updates on T3 Mine ESIA	27/19/27	CI
MOD Resources Ltd. Releases Second Quarter Operating Activities Report for the Period Ended 30 June 2019	30/19/30	CI
MOD Resources Limited Progresses Growth Strategy	07/19/07	CI
MOD Resources Limited Announces T3 Resource Infill Drilling Results	29/19/29	CI
MOD Resources Limited Provides Update on the Completed Feasibility Study for the T3 Copper Project	28/19/28	CI
MOD Resources Limited Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2018	28/19/28	CI
MOD Resources Ltd. Provides Update on T3 Copper Project	25/19/25	CI
MOD Resources Limited Announces Encouraging Results from its Resource Infill Drilling Program	12/19/12	CI
MOD Resources Limited announced that it has received AUD 10 million in funding	30/19/30	CI
MOD Resources Limited Provides Operational Update for the Quarter Ended December 31, 2018	29/19/29	CI
Sandfire Resources NL express its interest to acquire MOD Resources Limited from Metal Tiger plc and others for approximately AUD 140 million.	21/19/21	CI
MOD Resources Limited announced that it expects to receive AUD 10 million in funding	21/19/21	CI
MOD Resources Limited Reports Additional Promising Intersections from Initial Drilling Phase at the Large A4 Dome	20/18/20	CI
MOD Resources Limited Reports Extension of Prospecting Licenses Across its Joint Venture Landholdings	14/18/14	CI
MOD Resources Limited Reports All Prospecting Licences Across Its Joint Venture Landholdings, Have Been Granted Two Year Extensions	14/18/14	CI
MOD Resources Limited Reports Additional Results from Widely Spaced Drilling at T23 Dome	10/18/10	CI
Mod Resources Limited Reports Significant Visible Copper Intersected At Shallow Depth T23	21/18/21	CI
MOD Resources Limited Appoints Michael Mcneilly to the Board	16/18/16	CI
MOD Resources Limited Reports A1 Dome Delivers Significant Copper in Initial Drilling	15/18/15	CI
MOD Resources Limited completed the acquisition of additional 30% stake in Metal Capital Ltd from Metal Tiger plc.	15/18/15	CI
MOD Resources and Metal Tiger Receive Extensions for JV Licences in Botswana	27/18/27	CI
MOD Resources Limited Announces Drilling Preparations Underway at T20 Exploration Project	26/18/26	CI

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Company Profile

MOD Resources Limited is engaged in exploration of copper and silver in Botswana and gold in New Zealand. The Company operates through three segments: Africa-Botswana Copper Project/Silver Project, Africa-MOD/MTR Joint Venture Project and New Zealand-Sams Creek Gold Project. The Africa-Botswana Copper Project/Silver Project segment includes the operations carried in Botswana. The Africa-MOD/MTR Joint Venture Project segment includes the operations carried on in Kalahari Copper belt north western Botswana. The New Zealand-Sams Creek Gold Project segment includes the operations carried on near the South Island town of Nelson. The Company focuses on the Botswana Copper Project, which covers approximately 11,300 square kilometers tenement footprint at the center of the Kalahari Copper Belt. The Company's Sams Creek Gold Project is located approximately 100 kilometers north of the Reefton gold field in the South Island of New Zealand.

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