Excellent update, this is why I said I am more interested in Alvarroes drilling than Youanmi.
Depending on how well this resource converts to reserves (75%? 90%? Hard to say with the halo around the pegmatite) and what grade concentration of feed is settled on in the FS, I anticipate seeing a mine life of between 15 and 23 years.
That's up from about 7 years for the original resource estimate.
P1 looks completely supplied for years to come (assuming this converts well to reserves, which I imagine it should given how shallow it is).
Big tick in terms of derisking P1, and opening up a feed source that might help underpin P2, if Separation Rapids ever gets off the ground and supplies P1 instead.
Be interesting to see what the market does tomorrow.
Excellent update, this is why I said I am more interested in...
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