AUC 5.88% 3.6¢ ausgold limited

Ann: Release of Securities from Escrow , page-9

  1. 300 Posts.
    lightbulb Created with Sketch. 69
    I'd say the key difference is GEOMETRY (although I can see how Katanning is a little south of Boddington).

    These lodes are discreet, shallow-plunging lenses of mineralisation that are easy to target with close-spaced drilling but quite small in SIZE and therefore mining depth potential is restricted.

    Probably 20m at their widest but tapered at either end, limiting each to <<500 ozs per vertical meter.

    Collectively the five known targets may add up to 1,000-2,000 ozs per vertical metre and yield a small gold mine.

    Boddington and the Superpit are naturally well-endowed with around 125,000 - 150,000 ozs Au-eq per vertical metre.

    Do you appreciate the difference now??
 
watchlist Created with Sketch. Add AUC (ASX) to my watchlist
(20min delay)
Last
3.6¢
Change
0.002(5.88%)
Mkt cap ! $99.43M
Open High Low Value Volume
3.4¢ 3.7¢ 3.4¢ $415.4K 11.74M

Buyers (Bids)

No. Vol. Price($)
2 294640 3.5¢
 

Sellers (Offers)

Price($) Vol. No.
3.7¢ 1769214 8
View Market Depth
Last trade - 15.45pm 12/07/2024 (20 minute delay) ?
AUC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.