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Ann: Melbourne Mining Club Investor Presentation, page-17

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Dazedandconfused

7,558 Posts.

2077

05/03/24

22:47

Post #: 72761344
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Originally posted by plough ↑

Another poster on HC was concerned about the complexity of the geology at Bulletin , maybe you could ask regarding Bulletin " how does the block model take into account the complexity of the geology also the mining cost at nearly $18.50 per BCM , seems very high compared with what CMM costs (around half as much ) why is that ?
When combined with over a 12;1 strip ratio that high BCM cost really hurts can one get that mining cost per BCM down ?

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Hi plough

I did get an answer regards the complexity of the Bulletin geology...

The block model has been re-blocked to a 5m by 5m by 2.5 m in order to compensate for the complexity. It produces an amorphous view of the geology. You get a higher number for the dilution but greater certainty of the recoverable oz's.

CAI Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
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