STN saturn metals limited

Ann: Excellent Extensional and In-Fill Results at Apollo Hill, page-15

  1. 5,319 Posts.
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    Hi Sarg,

    Just to clarify something. I said maybe they were knocked back on financing thus far due to the deposit base of proven & probable reserves having been seen as too small. That is the same as measured & inferred. There is NOT 2M ozs in that category. Banks do not lend on probable ore reserves. Which is still a big part of Saturn's 2M oz total. The banks would want to see those probable figures converted to ore reserves in the Definitive & Bankable feasibility studies. This is why Saturn is still doing so much infill drilling.
    Last edited by Nijiman: 22/02/25
 
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