Ann: Becoming a substantial holder, page-36

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Sweetsound

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22/08/24

10:51

Post #: 75321310
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Originally posted by Telluride: ↑

AAU High grade Gold Copper Silver Antimony DYOR
Ready to take off!
.004 taken out yesterday on
.005 next to be wiped

Yesterdays announcement drill results

HOLE PDH-81 2m @ 25.26g/t Au from 38.5m (incl 1m @ 45.39g/t au)

3m @ 19.51g/t Au from 56m (incl 2m @ 26.78g/t Au)

HOLE PDH-87 2m @ 7.46g/t Au from 26m

HOLE PDH-93 1m @ 8.23g/t Au from surface

Copper Domain – Nueva Sabana

HOLE PDH-89 25m @ 1.76% Cu from 52m (incl 4m @ 5.56% Cu)

HOLE PDH-88 21.5m @ 1.73% Cu from 49m (incl 12m @ 2.11% Cu)

HOLE PDH-80 25m @ 1.23% Cu from 81m (incl 5m @ 3.02% Cu)

HOLE PDH-78 15m @ 1.52% Cu from 39m

HOLE PDH-85 9m @ 1.07% Cu from 40m (incl 3m @ 2.28% Cu)

HOLE PDH-82 6m @ 1.25% Cu from 37m

AAU Mineral Resource Estimate (MRE):
Indicated: 6.57 million tonnes with an average grade of 2.80 g/t gold (591,000 ounces) and 0.41% antimony.
Inferred: 3.0 million tonnes with an average grade of 1.9 g/t gold (180,000 ounces) and 0.18% antimony.
Total MRE: 9.55 million tonnes containing 771,000 ounces of gold and 205,000 ounces of antimony².
Processing Facility:
The project includes a 50,000 tpa two-stage fluidized-bed roaster, a CIL circuit, and an antimony recovery circuit.
It aims to produce approximately 75,000 ounces of gold equivalent per year in doré and a concentrate containing gold, silver, and antimony.
Chinese engineering group BGRIMM Technology Group is involved in metallurgical test work and preliminary engineering design ².
Antimony Potential:
Refinements to the planned flotation circuit could increase the antimony content to over 40%³.
Future Expansion:
A revised Scoping Study for the expanded La Demajagua project is planned for completion by the end of 2024, with development readiness expected in mid-2025.

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You need the 0.4c to reverse to look like 4.0c then double it to look like 8.0c - only then I'd say AAU is taking off and heading into top gear.

AAU has been in reverse gear and stuck there with even lower number crunching - need a good mechanic to fix it - very hard to find. Doubt 4.0c will be reached anytime soon and less so doubling with the gearbox stuffed - only reverse works.
AAU Price at posting: 0.4¢ Sentiment: Sell Disclosure: Held
1 Upvote

0 Great analysis

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