DCN 0.00% 28.5¢ dacian gold limited

Ann: 2021 Mineral Resources and Reserve Update, page-44

  1. 1,114 Posts.
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    Hi Greenflint, the 91koz write-off in Reserve oz refers to Westralia, and while you are correct that mining depletion usually accounts for Reserve reduction, in this case those 91koz only ever existed on paper. From pg 4:

    https://hotcopper.com.au/data/attachments/3589/3589350-19024c85d30f3d87f95f32b21c925601.jpg
    And the explanation on pg 5:

    https://hotcopper.com.au/data/attachments/3589/3589357-f467b2ed580c0f9a7050bcc4867a5ed8.jpg
    That's a very significant decision to take, and shows how poor the original work underpinning the original DFS must have been.

    Cheers


 
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