Once that is done, I wonder what the annual target is when they start actual mining in the pit? How many Tonnes per year?
Using the previous MRE of 5MT creates a 10 year mine life at 500,000 T per year. At 1.3g/T that is 650,000 grams of gold or around 20,000 ounces = AUD $100 Million in revenue!
Ann: Investor Presentation - RIU Sydney Resources Roundup, page-8
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