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ORE RESERVES FOR PANDA HILL DECLARED - …

13 June 2016. ASX Release ASX Code: CXX. ORE RESERVES FOR PANDA hill DECLARED . Highlights PANDA hill Ore RESERVES - million tonnes at average grade Nb2O5. All mill feed within first 10 years of the planned production schedule are now classified as Ore RESERVES Cradle Resources Limited ( Cradle ) is pleased to announce the maiden Ore reserve Estimate for the PANDA hill Niobium Project ( Project ) in Tanzania. The Ore RESERVES are reported in accordance with JORC Code (2012) and incorporate the results of the recently completed Cradle Definitive Feasibility Study ( DFS ) inclusive of the extensive investigations and work carried out since 2012 by Cradle and more recently by PANDA hill Tanzania Limited ( PHT ).

1 13 June 2016 ASX Release ASX Code: CXX ORE RESERVES FOR PANDA HILL DECLARED Highlights Panda Hill Ore Reserves - 20.6 million tonnes at average grade 0.68% Nb 2 O 5 All mill feed within first 10 years of the planned production schedule are now classified as Ore Reserves

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