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says it all, page-27

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    It clearly states that "An Exploration Target is a statement or estimate of the exploration potential of mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade (or quality), relates to mineralisation for which there has been insufficient exploration to estimate a Mineral Resource"

    The 30-40Mozs was their original Exploration Target and as they validate the model further, they are producing a Conceptual Resource based on the drilling results of width, strike, depth, grade etc - again not a JORC

    Perhaps you've misinterpreted the Exploration Target and Conceptual Resource as one, however it is saying that should the model behind the target keep getting validated, it could lead to the 30-40Mozs conceptual resource

    You are confusing a conceptual exploration target and a conceptual resource with JORC measurements

 
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