Low-end density: 1.5 t/m³ (typical for loose, weathered laterite or oxide sediments)
Mid-range density: 2.0 t/m³ (average for mixed stockpiled materials)
High-end density: 2.5 t/m³ (upper end for transitional/oxide mafic or denser laterite)
The approximate tonnage of the stockpiles is ~70,000 tonnes, with a range of 52,214–87,023 tonnes.
Using the mid-range tonnage estimate, the stockpiles contain approximately 2,251 ounces of gold at a grade of 1 g/t. Accounting for the tonnage range, the gold content is between 1,679–2,798 ounces.Final Answer: Approximately 2,251 ounces of gold, with a range of 1,679–2,798 ounces.
At a gold price of AUD $5,000 per ounce, the approximate value of the gold in the stockpiles is AUD $11,255,000, with a range of AUD $8,395,000–$13,990,000.
TG6 Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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