My research suggests that these regional targets have never been included in resource calculations. SBM only calculated the Tarmoola pit shell and ore below the pit while SAR were only interested in the high grade UG mineable ore. MW’s rhoretic of potentially finding another KOTH, or even Gwalia, style ore deposit in this regional exploration oozes confidence that there’s something significant here.
The talk about a “ multi million oz” resource upgrade in June is exciting. Should power the SP to the 20 cent target. The Q3 report is due for release this week. Hoping more positive drill results will be a part of this adding weight to the multi million oz tag. With the more efficient bulk stoping and “truck to Darlot” policy recently released I am hoping for a significant drop in AISC, although this might not kick in until next Q.
The plan is coming togather nicely. Just need a 5 mtpa processing plant at KOTH to rocket Red into the Teir 2 gold producer space.
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