Ann: More High Grade Nickel at Golden Swan, page-82

Looks like us 3 are close to agreeing the current volume parameters of GS,

on the volume calculater at 5.5% grade, at 8908 kg per m3 for Ni, at 250m x 2.5m width x 73m length

thats 27KT Ni
or if as on blowies figures of ni sulphide of 16k kg per m3, thats 51KT Ni !

this excludes most of hole 31 gap and all of ST.
there are 5 lodes now 16200/hole 31, 15k x 3, ST

those 3 middle lodes have expanded in length & height
and we still have 20 assays drilled but in the Lab & about 7 of these are also outside these current lodes.

clearly hole 31 up top (upper swan) ST & length testers where its open are a primary target for the next round

if we get more length, height & good true widths exceeding 2m, we should see more than 40KT JORC, what i called last year.
this is larger than Cassini of MCR 33kt at a higher grade than 3.3%.
yet half the MC for just one out of 6 world class deposits.

and the mine decline is right on top of it.
remaining 20 assays out by 30 August, JORC by 24 Sept, prior holes already inputed by JORC assessors no doubt working on exactly the above maths like us 3,

DFS drafts & offtake nearing completion sept, funding already in bank, BS mill restart circuit 1 refurb start sept, contracts awarded oct, feb circuit 1 live, may 2022 circuit 2 live
mining can start in november at this rate

will they announce early refurb start of circuit 1 for $15M capex creating ebitda of $66Mpa? I would do it by 30 August as its clear GS is Cassini & Nova like but higher grades & longer. They have SS JORC of 16kt at 9.1% grades & DFS sitting there already since 2018.

so they have 3 year LOM at SS & now 3-4 year LOM at GS.
this excludes BS disseminated, BS open pit, W ore, mined ROM pad low grade ore of 1MT.

Start up the high margin production at a PER of 320/66 = 4.8 for just 150ktpa processing out of 3.7Mtpa of 4 times more production using just 1.25Mtpa plant processing !
Lets get to the 29c TP of MST Access to start with.

START UP THE PROCESSING PLANTS!