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25.5¢ maronan metals limited

Ann: Strong Maronan Resource Review and Maiden Indicated Resource, page-19

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13,424 Posts.

2520

23/03/24

11:09

Post #: 73024175
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Originally posted by PhillW: ↑

Thanks for that link.

To summarise;

1. Lab results for cu/au by late April;
2. Scoping study in 2 to 3 months;
3. Aggressive drilling campaign in 2024. (My capex prediction by 31 March is still a good possibility with no new news for 1 month)
4. cu/au resource will be mined in later years.

I just so happen have the figures for the pb/ag resource, so have posted the three individual projects for comparison.

1. Tan is the entire project including cu/au and the au only zone.
2. Starter zone (includes miniscule gold)
3. Outside starter zone (lead/silver only)

The starter zone has 6% higher silver resource as a percentage 44.46% compared to the outside pb/ag zone with 38.23%.

The cu/au resource needs copper to trade at US$8.50 using the current gold price for the project to hit 10% lead equivalence. Obviously, gold will increase in price and offset the copper price increase required, but it gives you a good idea of the sort of copper price required to make the cu/au resource as profitable as the pb/ag.

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@PhillW Can you check your silver resource grade of the total deposit of 64.6 Mt - I get 57 g/t not 107g/t.

MMA Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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