Ann: Alluvial Tin Resource Revenue , page-9

Jack pulled another rabbit out of the hat. LOL


A welcome boost, this 1 year operation* generates $8.7M with a net cash bonus of $5.1M
Otherwise said C3 costs at $4.750/ton , tin standing at $11.500 15-months LME
Grades are good standard alluvial at 1.2kg/m
(compare Tasmanian VDM Phase1: between 0.94 and 1.30 with 1.22 median)

Inferred to Indicated expected
The overlying tin-bearing alluvium is being re-assessed and additional sampling has been completed, which is expected to support the promotion of a large proportion of the presently defined Inferred Resource to the higher Indicated Resource classification.

*Given that the current Inferred Resources only include the higher-grade basal parts of the channels, the Directors are confident that additional resources of alluvial tin will be delineated within the Exploitation Licences.
(again VDM Phase2 at 0.26 median - Offshore at 0.20)