My first read of this is disappointing.
They have added another 1 Mt of material for what I can see is an increase in the gold grade, but lead and zinc contained metal largely unchanged. What I particularly did not like is that the NSR value was not included this time around, compared to the maiden resource which did include it. Instead they have used a zinc equivalent value, and the natural question is to ask why have they done this....?
Ann: Updated Federation Mineral Resource Estimate, page-6
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