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Hammer Metals releases Kalman resource update
Hammer Metals (HMX.AX) has released an updated resource estimate on its flagship Kalman copper-gold-molybdenum project in the Mt Isa region in Queensland, Australia. The updated resource estimate now contains just over 39 million tonnes with an average grade of 0.53% copper, 0.27 g/t gold, 0.10% molybdenum, 1.5 g/t silver and some rhenium as a by-product credit. The average copper-equivalent grade is 1.07%. About 71% of the total resource would be amenable for open pit mining (the potential open pit contains just under 28 million tonnes at an average grade of 0.89% CuEq and within the total resource, there is a ... (full story)