AUZ 0.00% 0.9¢ australian mines limited

Grade discrepancy, page-147

  1. 328 Posts.
    lightbulb Created with Sketch. 115
    Just because it is the closest assessment to yours doesn't make it sensible. Yes the initial projection was 3000 tonnes of Cobalt Sulphate per annum however the plan is to up production to 12,000 tonnes per annum. If you look at the Sconi project cross section that @cobaltplay posted earlier, you'll see between LKRC017 and LKRC140 high grade cobalt deposits of [email protected]%Co and [email protected] which totals 38,000 tonnes of cobalt metal or the equivalent of 190,000 tonnes of Cobalt Sulphate, these are probably the 2 pits that Ben states in his email. At 12,000 tonnes per annum this will allow for approx 15-16 years at that production rate. To get the remaining 4-5 years of 12,000 tonnes Carbon Sulphate (2,400 toomes Carbon Metal) per annum production they could mine the resource LKRC141.

    Add a positive drilling expansion and PFS of Flemington then AUZ longterm has a huge upside. Longterm is the game and the spoils will be generous

 
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