jervois resource update, page-20

Someone emailed me to say they thought the upgrade was not spectacular and the scoping study delayed to April was dissapointing.
Some people are hard to please!
This was my reply;

Agree about the delay to the scoping study but it is insignificant compared to the impact of getting Andash up and running.
As for the upgrade not being spectacular, true but consider the following;
Reward is where most of the drilling was done and Reward only makes up half the resource at Jervois.
For the resource to increase by 33%, Reward actually increased by 66% (59,000 tonnes Cu has increased to 95,000 tonne).
This was achieved on a very small drilling program.
I find that impressive enough.
There is also a current exploration target of another 50-100,000 tonne of copper, and this remains open at depth.
Exploration target does suggest quite a bit more waits to be upgraded by drilling to jorc status.
This will very likely get much bigger still.
Everything in this report confirms most of what I expected when I wrote up about the likely expansions to Jervois a month or two ago.
I am quite happy with this report.
Like I said earlier, for now the main game is Andash and the current price is still justified by Burnakura alone.
We have huge upside in this share price.

An extract from todays ann.

“Exploration Potential for both the deposits consists of areas peripheral to the current Inferred
estimates within the interpreted mineral wireframes, unconstrained by depth. This is estimated to
be a combined total for Reward and Bellbird of 5.0 – 10.0Mt @ 0.75 to 1.25% Cu and 10 to 25g/t Ag
at a 0.5% Cu cut off (50,000 to 100,000 tonnes Cu and 3 to 5Mozs Ag). The deposits are open at
depth and there are additional possibilities along strike from the deposits based on interpretation of
the recently completed detailed SAM survey”