Ann: Mulga Bill high grades & geophysics upgrades size potential, page-28

People will do this much more justice than me, but let's start the ball rolling....



I LOVE that first sentence! That's a significant amount of copper in them there hills, highly profitable if you had good sized deposits. However it does state that it's associated with the veins, which means it might not be that widespread.

However...




Sooo much to like about this...

• 21MBRC017 shows 2.29g/t gold near surface.... on a lengthy enough ore body that's highly economical (although someone like @Wack will need to hypothesise around if this might need POX or simple gravity approaches here as there's pyrite in there)
• We don't know how near surface this goes yet - currently starting at 75m but it could feasibly come up to 50m below. Excited to see the results from the pending 21MBRC037 hole above
• 0.76% Cu at these depths is economical for copper in its own right.... assuming a large enough ore body
• Silver is the icing on the cake

The footnote to the image is at least as important as the image itself

"ADJACENT TO THE REGIONAL SHEAR ZONE" I hear you say
"APPEAR TO PERSIST THROUGH THE SHEAR ZONE", you continue

And we know the shear zone is a North-South sheer of about 3km where the Bismuth markers are.

Now... this image is West-East profile with the shear clearly called out. They state that there's a 3km anomaly along the shear. So let's start to imagine this... 3km, at about 20-30m true width (hard to tell as in the above it's wider up near surface), and open at depth - at least 200m mineralisation.

2.3g/t av x 2500m long x 200m deep x 25m wide = 1Moz

That's a lot of gold! Granted, it's not a super mine.

BUT!

• We haven't even hit the Bismuth rich area yet, and they state that it acts as a strong market
• We have not drilled into the high priority target in the below image where it clearly has 3-4x in depth
• My 2.3g/t average is off one hole, it's not taking into account those super high grade potentials from a few weeks back
• Nor has anyone really included the potential Copper and Silver value locked up here as well.

A lot to like here

A lot