“The Company reduced the MR footprint to facilitate the granting of the MR and remove areas which were deemed to not meet economic requirements.”
This is what I’ve been saying. Having a large JORC resource (even at an ok average grade) does not mean it’s all economically viable.
I’m glad they say this won’t affect the overall plan, but it re-emphasises why I’ve been relying on the 60,000 oz pa forecast rather than hoping for more.
Ann: Restated JORC Resource of 3.55Moz Au for Mining Right, page-5
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