196 mt initial resource inferred by bon

BON have announced initial referred resource from the Meob tenement that is to form part of the joint venture with UCL.

196.1 million tonnes at 15.8%, simple wet screening enriches readily to as much as 26% (which could probably done on board with further enrichment then onshore).

Fantastic start. A large resource base which would take 60 years to exhaust at the initial target of 3 mtpa. However the beautiful thing is it is:
a. not from the best grade areas
b. only a very small portion of what the JV has genuinely available to target.

I am increasingly confident that we will be talking a resource base in the billion of tonnes.