AZS 0.00% $3.69 azure minerals limited

Ann: High-Grade Results Continue From Andover Ni-Cu Deposit, page-122

  1. 4,994 Posts.
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    We will have to wait and see the results of the MRE from CSA Global, my arm-wavy back of the envelope guess with the three pods and minimum mining width of 3m would be in the ballpark of a 910,000 tonne resource at a grade around 1.38% Ni and 0.49% Cu (assuming a density of 2.75 and I'm not really confident enough in Co recoveries to suggest a Co head grade although some may report to a Copper Concentrate as a payable?)

    So 910Kt tonnes of ore at 1.38% Ni and 0.49% Cu comes to around 11.3Kt of Ni and 4.5Kt Cu metal assuming 90% recoveries, and assuming no more mineralization found that is converted to ore resources or reserves.

    As I said - very arm wavy and ballpark only, just to give some an idea of scale in so far as what tonnage at what grades could pop out of the MRE.
    Last edited by eastwest101: 23/03/22
 
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