CNMC Goldmine's unmined gold resources at Sokor 26% higher than previously estimated
Add BT as a preferred source
Vivienne Tay
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
CATALIST-listed CNMC Goldmine Holdings said an annual independent review found its flagship Sokor project in Malaysia's Kelantan state had an estimated 914,000 ounces of gold in the ground as at end-Dec 2018 - 26 per cent higher than a previous estimate a year earlier.
The review was conducted by Australia-based mining consulting firm Optiro and its estimate is the highest untapped gold resource level recorded since CNMC started exploration at the site in 2007, the company said in a filing during the mid-day trading break on Tuesday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
