Dragon Resources issued an announcement on March 23, saying that Dragon Resources has now completed the annual renewal of mineral resources and ore reserves of the company's project in the Nordic region. The total mineral resources (including ore reserves) as of December 31, 2021 was 14 million tons of 3.3g / ton gold or 1.5 million ounces of gold, an increase of 2.6 per cent in tonnage and 0.7 per cent in ounces compared with the total mineral resources on December 31, 2020.
It is reported that after the ore reserves are updated, the total ore reserves of Dragon Resources as of December 31, 2021 have increased to 4.3 million tons of 2.8g / ton gold or 380000 ounces of gold. Compared with the total ore reserves on December 31, 2020, the updated ore reserves increased by 11% in tonnage and 15.9% in ounces.
Mineral resources and ore reserves were prepared by MoJoe Mining Pty Ltd (MJM), an independent mining consultant in Western Australia, and reported in accordance with the Australian Exploration results, Mineral Resources and Ore reserves reporting Code 2012 (JORC Code).
