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Gippsland Ltd. said ore reserves at the Egyptian Abu Dabbab tantalum-tin project have now doubled to 30.24 million tonnes from 14.60 million tonnes, grading 255 grams per tonne of tantalum pentoxide and 0.109 percent tin, an overall 107 percent increase in total ore reserves.
This massive increase in the project's ore reserves plus the attractive new waste:ore ratio of 0.826:1, will provide the global tantalum market, investors and project financiers with increased confidence in the project which is set to become a dominant player in the global tantalum supply chain, executive chairman Jack Telford said. – Thomson Financial