Kalkaroo has the highest cut-off grade of all the copper projects listed on the above slide. With the increase in copper and gold prices since 2019, there is ample room to lower the copper equivalent cut-off grade.
Technically, Havilah's Kalkaroo copper-gold deposit is ISCG not IOCG. ISCG = iron sulphide copper-gold.
I am not sure how XAM management reworked the Kalkaroo pre-tax NPV table numbers to come up with its US$611 million, other take 30% tax off the top and using an exchange rate of AUD:USD = 0.65 (rather than 0.75 per the table below).
Source: Havilah Resources Limited 2021 Annual Report (page11).
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Kalkaroo has the highest cut-off grade of all the copper...
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