Mining Weekly reported that TNG has updated their resource estimate at their Mt. Peake project, which reports 86 percent of the estimate falling in either the measured or indicated category.
As quoted in the market report:
This is a major boost for the Mt Peake project development, moving 74% of the total resource to the measured category and 86% into measured and indicated. Based on this result, we can continue to move forward with the definitive feasibility study with strong confidence in our Mt Peake resource model and our projected economics.