How big will the upcoming MRE be?
On 8 October 2021 Eurozone Hartley initiated research on NXM (see NXM website). They stated for the crusader Templar area:
”We believe if the Company releases a resource at the end of the year a ~500-750koz is likely. However, a more likely outcome is the Company drilling to 500m depth (depth of deepest diamond holes) in which case we believe a conservative resource of ~1.5-2.0Moz is possible which would be at higher grades as grade is proving to increase at depth.”
That is they were anticipating a MRE at end of 2021 of 500-750 koz.
what will it be?
Ann: Branches Prospect Results Support Significant Gold Camp, page-47
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