Ann: 39% Increase in HG Measured and Indicated Mineral Resource, page-37

According to the BFS the previous 20 to 25 year LOM was based on a measured resource of only 27% Troy.
https://www.australianvanadium.com.au/wp-content/uploads/2022/04/AVL-Bankable-Feasibility-Study-final.pdf.

This plus indicated was supposed to support the mine until year 19 when stockpiled inferred resource was to be processed

High or low grade, the MEASURED quantum was just 27%.
39% of that gives an 11% increase.

Granted I don’t understand maths or geology much.
But I truly don’t get how you estimate that jumping ‘measured’ up from 27% to 38% increases the definitive mine life here from 20 years to 75 years.

But I’m certainly looking forward to seeing an expert I trust (Wood would be nice) to confirm your figures


cheers