AMI 6.06% 17.5¢ aurelia metals limited

Ann: Peak Exploration Update, page-15

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 5,117 Posts.
    lightbulb Created with Sketch. 4096
    Sorry - yes obviously todays release relates to the Peak Mine - I realized my error but couldn't correct it within the 3min window.

    The other stuff about nominal RL's is applicable to many mines that start at surface and go deep enough to encounter the negative RL issue.

    Another common one is if the orebody does has a main haulage shaft development, the bottom of the shaft is then given a new nominal RL of say 1000m RL or even 10000m RL but if the orebody is vertical and you just go with the 1000m RL you still run the risk of negative RLs in the future, if development continues far below the bottom of the shaft.

    I'm sure its not a major issue now, but a lot of earlier and existing legacy engineering, geology and survey software programs didn't and still don't like negative RLs.
 
watchlist Created with Sketch. Add AMI (ASX) to my watchlist
(20min delay)
Last
17.5¢
Change
0.010(6.06%)
Mkt cap ! $296.0M
Open High Low Value Volume
16.5¢ 18.0¢ 16.5¢ $387.2K 2.219M

Buyers (Bids)

No. Vol. Price($)
7 610175 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 59168 1
View Market Depth
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
AMI (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.