SBL 0.00% 0.1¢ signature metals limited

Ann: Konongo JORC Resource Increased to 1.47 Mill, page-8

  1. 1,599 Posts.
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    re: Ann: Konongo JORC Resource Increased to 1... thats for the total resource .it'l be much higher for the actual reserve which is the part in the land being physically mined .resource is all the land u have in ur lease but as obvious it needs to be trimmed and a smaller reserve is evaluated hence the increase in mining cost.
    but (usually)JORC reported is in resource (inferred,indicated and measured) when further feasibility is done the measured resource becomes the mining reserve.

    when the resource is reported to the ASX,the market gets all excited by the figure but when the actual mining commences the production is much less than the resource due to the difference between resource and reserve.
 
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