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Ann: 2018 PFS Roadshow Presentation, page-49

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Royal_Viking

1,508 Posts.

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19/07/18

01:38

Post #: 34435872
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Originally posted by blastfurnace ↑

Jens,

It’s probably best not to comment on matters relating to the JORC Code if you have no knowledge or experience with it. BGS has converted a portion of its Indicated Mineral Resource to a Probable Ore Reserve, exactly as it should be under JORC, and as shown in your diagram above. During the BFS it would be expected that a portion of the Indicated and Inferred Mineral Resource would be upgraded to a Measured Mineral Resource, and then at that time a Proven Ore Reserve would be declared based on that.

Aside from the unfortunate typo, it’s a great presentation, I’m sure you’ll agree?

Well done to management.

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Brendan,

Why would a measured converted to proven ore reserve be conditional on completing a BFS ? From my understanding you either have it measured or you don’t to JoRC standard ?

Also Roskill, what happened to that ranking, management had lost confidence ?

IMO, I see cracks appearing. Any Nagrom report available for BFS ?

Any further colour would be appreciated,

Thanks

BGS Price at posting: 47.5¢ Sentiment: None Disclosure: Not Held
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