WHITE SULPHUR SPRINGS, Mont., Oct. 27, 2020 (GLOBE NEWSWIRE) — Sandfire Resources America Inc. (“Sandfire America” or the “Company”) is pleased to announce its maiden Mineral Reserve and the results of the Feasibility Study (the “Feasibility Study”) for the Johnny Lee deposit at its Black Butte Copper Project in White Sulphur Springs, Montana, USA, pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”).
The Feasibility Study relates solely to Mineral Reserves located on the Johnny Lee copper deposit, the cornerstone deposit at the Black Butte Copper Project (the “Johnny Lee Deposit” or the “Project”).The Company is also pleased to announce an updated Mineral Resource for the Lowry copper deposit (the “Lowry Deposit“), which is located approximately 3km south-east of the Johnny Lee Deposit, pursuant to NI 43-101.All dollars in this announcement are US dollars unless otherwise stated.Feasibility Study Highlights:Maiden Mineral Reserve of 8.8 million tonnes at 2.6% copper for 226,100
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