Hey MACLEOD22,
In order to put out a BFS, what JORC status is the minimum required?
One would imagine that Inferred category would leave there too many risks associated with the resource in the ground.
But to get to Reserves status would require a huge amount of drilling.
The JORC code breaks down the resources into levels of "confidence" of what the geology is like underground, but at what point does it translates into the minimum required for the BFS to de-risk the resource?
And NKP's latest resource statement only had Measured and Inferred for garatau, but Tubatse is entirely Inferered, so there is quite a bit of drilling ahead for NKP.
Any comment here would give further insight into acceptance of the JV or otherwise at this stage.
HB
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