Intermin Resources Mineral Resources Increased by 120% at New Teal Gold Mining Centre

Intermin Resources Limited (ASX: IRC) is pleased to announce an updated Mineral Resource Estimate for the 100% owned Teal gold project area located 11kms north of Kalgoorlie-Boulder in Western Australia. The new estimate is compliant with the JORC 2012 Code and has been updated to include recent infill and extensional reverse circulation (“RC”) and diamond drilling results.

KEY TAKEAWAYS:

• Highly successful Resource expansion drilling program completed in December 2016;
• Teal gold project Mineral Resource Estimate has increased 120% and now stands at:
  • 2.27Mt @ 2.18 g/t Au for 159,386 ounces (1.0 g/t Au lower grade cut-off)
• Total Mineral Resource Estimate grows to 4.95Mt grading 2.24g/t Au for 356,000oz;
• Resource includes an update for the Teal deposit and maiden estimates for the Peyes Farm and Jacques Find deposits immediately to the south;
• Deposits are open along strike and at depth, further drilling planned for the June Quarter;
• Mine optimisation and open pit Reserve study commenced to define potential to expand oxide production in the near term and is expected to be finalised in the September Quarter.

Commenting on the Resource update Intermin’s Managing Director, Mr Jon Price said:

“The 2016 drilling programs have delivered excellent results and we are extremely pleased to see these converted into increased Resources at a very competitive discovery cost of <$10/oz. Teal is becoming a very exciting new mining precinct only 11km north of Kalgoorlie-Boulder.

“We now look forward to expanding these Resources further along strike and at depth and completing mining studies to bring these projects into our production pipeline.”

Intermin is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia’s richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal Stage 1 gold mine is currently in production.

Perth and Menzies-based Intermin is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core projects and build a sustainable development pipeline.

Intermin is targeting the definition of significant high grade open cut and underground gold deposits, has acquired highly prospective tenure and will continue to actively pursue consolidation and value-adding joint venture opportunities for the benefit of all stakeholders.

Request Information

More Information