Entrée Resources surges on new drill results from Oyu Tolgoi JV
The new drill results comprise eight of the 33 drill holes completed by Rio Tinto's Oyu Tolgoi LLC during the 2023 program.
Talga Resources (ASX
In a press release, the Australian company said the maiden resource estimate yielded 7.7Mt at 0.25% Cu, 0.04% Co, 0.36% CuEq based predominantly on historical drilling, without any extensions or targets such as the large K2 conductor discovered in 2019.
“The maiden JORC-compliant mineral resource estimate for Kiskama has achieved a solid base from which to lift the project above exploration level,” Talga managing director, Mark Thompson, said in a media statement. “In addition, the timing of its potential further development is right to match the growing need for conflict-free sources of critical minerals, such as cobalt, to make lithium-ion batteries in Europe.”
According to Thompson, Talga will now seek partners to further explore and develop the project.
