NVA 2.63% 18.5¢ nova minerals limited

Ann: Korbel Interim Gold Mineral Resource increases to 3.3Moz, page-376

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  1. 582 Posts.
    lightbulb Created with Sketch. 918

    There is serious uncertainly when it comes to inferred resource. It is well within the realm of possibilities that even just a couple new holes in Bock A/B could bump up the average grades from 0.354 up to 0.487 or even down to 0.283, or any number in between, with nearly equal probabilities.

    The only thing that is certain is that an average grade of 0.354 in not correct. I suppose the JORC code allows rounding because 0.4 g/t is nearly just as probable as 0.354 g/t in an inferred resource.

    Doesn't make it the 'right' thig to do in this particular case... but meh. It is legal, it is standard practice, and frankly, its not very significant in the grand scheme.

    I'm glad you pointed this out. I'm glad we worked through this, but I'm also now 100% confident we can move on. This is really not much of a concern at all.
    Last edited by kduvey: 08/10/20
 
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