It's interesting how AMN were early adopters of drainable porosity but are now keen to boast having the largest "in situ" resource.
Inferred drainable resources have relatively low levels of confidence and nobody is really interested in "in situ" resources.
The Mackay drainable resource is 80% of the lake Disappointment resource. Mackay has a surface area 2.8 x larger. Many would argue that Mackay isn't the largest resource in Australia.
AMN will not be mining 123MT over 20 years. This journalist has NFI what she is reporting.
The meaningful part of the upgrade is the increase in resource in the trenching zone. This should translate into an increased mine life or production rate. Of interest is the reduction in specific yield from the maiden resource. It will be interesting to see if the trench requirements or annual outputs change significantly in the DFS.
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