The 'reasonable prospectof eventual economic extraction factors' test is applied which sets up the resource to be easily converted to the new JORC code when it is finalised.
The age of watery inferred resources is over, so a 24koz resource that might actually see the light of day is a decent haul.
The market still only likes 0.5g/t cutoff inferred resources that look big on paper though haha - some hard lessons coming in the future for them.
Ann: Edjudina Gold Project - Maiden JORC Resource, page-4
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