AUZ australian mines limited

Ann: Annual Report to shareholders, page-52

  1. 354 Posts.
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    By my calculations if they want to produce 12000t cobalt sulphate theres enough for about 16 years using the entire measured/indicated resource.
    I calculated about 45000t contained cobalt using indicated/measured tonnages and used a 90% recovery rate! (I appreciate recovery may be higher but will see what dfs shows)

    45000 tonnes cobalt at 0.07%
    90% recovery is about
    40000t contained cobalt give or take
    so about 16 years producing 2500t contained cobalt. Also processing the entire resource

    I appreciate my calcs may be wrong and will happily look at yours and compare. You know a lot more about this than i do.
 
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