A Billion Dollars, page-31

Just want to state some facts that some might not know about here

Geoscience Australia spent $100M to identify Australia’s next region capable of
hosting the next generation of world class base metals deposits

▪ Redbank Project falls within the area identified as the most prospective exploration
region in Australia
o Updating of existing 6.23Mt @ 1.53% Cu Redbank JORC 2004 Resource
At this stage we could possibly be looking at upgrading that JORC to 10-20mt Cu
Bear in mind that this will only be the first upgrade not the last as they have only scratched the surface stating that all historical drilling hasn't gone beyond 150m depth

Rough maths if they announce - 10mt @ 1.53% = 153,000 tons x $9000 (approx current value per ton)
= $1.377 Billion IGV (in ground value) +Ag credits
And if they get close to 20mt just double that = $2.754 Billion IGV

This resource estimate does not include 40,000 tonnes of ore (at 2% Cu) stockpiled at surface within the Sandy Flat
Rough maths - 40,000 x 2% = 800 tons x $9,000 per ton = $7.2m (once again just scratching surface)

Now the existing resource is from 7 breccia pipes only when they have stated there are 50+ to explore
Field mapping in 2019 identified over 300 locations outside of the known
copper deposits for follow up assessment
They have stated that there is a 300km strike on their tenements
copper price in uptrend for next decade at least
It will be waving a flag for an easy investment to lots more people when they announce that new JORC in few days