Ann: Preliminary findings indicate additional mineralisation, page-117

Just confirming has anybody else gone through the grades on this announcment? Although the Ni seems okay the Co is terrible and all below the current cutoff for AUZ which is already low at 0.06.

I have an average grade Ni 0.56% and Co 0.02% from todays ann

Unless there is huge tonnage I dont see how this is a major development for AUZ.

My problem still rests with how they are getting their mine life to 20+ years at 0.14-15 Co feed grade with the current resource.
Planned production as per 121 video 12000tpa Co Sulphate or 2460 Co Metal.
Current resource 54,000t Co at Grade 0.06%.
2460 x 20 = 49,200 Co Metal at 0.06%

Yes there is a resource upgrade coming though how can they release a BFS with those feed grades if they can not be substantiated.