CLA 9.09% 1.2¢ celsius resources limited.

Ann: Response to ASX Query, page-11

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  1. 6,158 Posts.
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    Oreshoot?
    A lot of the questions are laughable, in my opinion - standard rudimentary questions.
    Wow I wonder if the ASX will go down this direction with all companies releasing a JORC!



    Upon a quick read, I found the following reassuring:

    "It is also considered likely that Opuwo will enjoy some advantages over some of these similar types of mines/deposits. Specifically, the availability of infrastructure, hydroelectric grid power and access to reagents is likely to allow value added products (cobalt sulphate and copper metal) to be produced, adding further economic value to the Project. The main difference in the cost of production expected for the Indicated and Inferred portions of the Mineral Resource is expected to be the mining cost, more specifically the underground development cost to access the deeper parts of the mineralisation that comprise the Inferred Mineral Resource. An initial study reported in January, 2018 by Freiberg Mining University, Germany, provided further confidence to the Company regarding the feasibility of underground mining at Opuwo. The report concluded “Overall, the development of the DOF into a highly productive underground mine seems feasible under the currently known boundary conditions and limiting factors.”
    Last edited by ans25: 13/06/18
 
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