Ann: Diggers and Dealers 2020 Investor Presentation, page-7

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RooBendigo

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14/10/20

16:18

Post #: 48092792
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Originally posted by Nowhere Man: ↑

No arguments from me on the logic, Roo. Only I think a cubic metre of dirt (depends on the dirt, of course) only weighs about half that - so 1.4 to 1.6 t/m3.

So Cardinia Hill maybe ~75,000oz?

Stand to be corrected.

For interest, I had a transcript typed of Andrew's remarks speaking to the Cardinia Hill slide:

Cardinia Hill is an example – and I just want you to get the flavour of how we approach this in terms of defining resources after initial discovery in a relatively short amount of time.

So, Cardinia Hill was a single line of Air Core drilled in 2015 that got 7m @ 6.0g/t and had never been followed up since then.

So we drilled some RC holes underneath that intersection earlier this year. Got some good results in that, and then did 34 RC holes and 3 Diamond holes and delivered between 5m and 17m is the typical intersection, and between 1.8g/t and 4.5-5.0g/t is the upper end of the range.

It’s about 500m long, defined by that RC and Diamond drilling, and down to 125m. We’ve now added another 23 RC holes and another 5 DD holes to complete the resource drill out. So that’s completed. The 23 RC holes and the 5 DD holes we’ve just completed but all the assays still sit in the assay laboratory.

But in terms of what this might turn out to be, it’s typically 10m wide, it’s 500m long, it’s drilled out to 125m vertical now. The grades are going to be somewhere between 2.0g/t and 3.0 g/t, is my expectation. Anybody can do their own calculation as to what that might turn into in terms of ounces. The JORC code restricts me from giving you the number I’m afraid.

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Yes my figure more for hard rock before mining. Looser material would be less as you say ... I was just trying to get a ball park figure.

KIN Price at posting: 20.5¢ Sentiment: Hold Disclosure: Held
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