CTM 1.39% 36.5¢ centaurus metals limited

Ann: Drilling Confirms Significant Ni-Co Discovery at Itapitanga, page-66

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    Decent results but the depth of the oxidised layer is a bit disappointing tbh. I was expected 20-30m as Jacare was around that. Most of these average just over 10m.

    Looking at the northern deposit, best case scenario is really 10m depth x 500m wide x 3000m long = 15 million cubic metres * 2 t / m3 (saprolite) = 30mt.

    Maybe they will discover more, but it seems a tad smaller than I was expecting when compared to Jacare, I was hoping for at least a glimpse of heading towards 100mt.
 
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