Following the recently completed resource estimation for the Santa Comba tungsten and tin project in Spain, Rafaella Resources Limited has updated the mineral resource estimate for the project by 103 per cent.
The increase demonstrates the outstanding potential of the Project and underpins the mine plan and feasibility studies currently underway.
The company intends to recommence drilling numerous prospects once the feasibility study is completed to add both tonnage and grade to feed the future expansion of the project.
Rafaella’s Managing Director Steven Turner said the resource update significantly increases the level of confidence in the Santa Comba Project and underpins the development of the mine plan and feasibility study.
“The increase in tonnes also allows the company to evaluate increased production scenarios. With concurrent mining and processing studies underway, the company is well on track for completion of the feasibility study and fast-tracking the development of the Santa Comba Project.”
He added that the deposit is open to the north, south and at depth “offering good prospects for further drilling planned to increase total tonnage and grade to feed a future expansion of the project post commissioning”.