SPR 6.05% $1.32 spartan resources limited

Ann: Never Never Resource Jumps by 183% to 303,100oz, page-24

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  1. 4,572 Posts.
    lightbulb Created with Sketch. 3215
    I think it's reasonable to view the overall vertical meter calculations separately as the underground section of the deposit is vastly different to the open pittable section.
    I view the ore body as two distinct sections open pit (mostly low grade oxide, transitional rock) and underground (high grade fresh rock.)
    The NN underground section of the orebody should be comfortably above 1,000 oz per vertical meter.
    In total, 264,000oz out of the 303,000oz sit in the fresh rock section of the orebody.
    https://hotcopper.com.au/data/attachments/4992/4992906-323d14543407940e868db609c4496037.jpg

    Underground section 190m 216,000 oz
    1,136 ounces per vertical meter.
    https://hotcopper.com.au/data/attachments/4992/4992862-10a471be99874e9e8120e2886167f655.jpg

    https://hotcopper.com.au/data/attachments/4992/4992858-58ef46d173446e617686d207083c3053.jpg
    https://hotcopper.com.au/data/attachments/4992/4992876-2829a090e6d0c16b82c5d9dde8e40924.jpg


 
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