Ann: Amended Announcement, page-2

can you analyse :The final hole from reserve definition drilling intersected exceptionally thick and high-grade mineralisation in the Main Shoot, with assay results including:  18.6m @ 2.8% Cu, 9.4% Zn, 0.9% Pb, 41.0 g/t Ag and 0.29 g/t Au from 390.0m (18.6m @ 5.9% Cu-Equiv.); and 2.4m @ 0.69% Cu, 3.34% Zn, 0.89% Pb, 23.5g/t Ag, and 0.1 g/t Au from 428.9 (2.4m @ 1.9% Cu-Equiv.) These results exceeded expectations from the current Resource model and, as a result, both the tonnes and the grade of the corresponding part of the Mineral Resource are expected to be enhanced as a result of this drilling. Assay results from the nine previously announced Ore Reserve definition holes drilled recently across the very high-grade Antler Copper Deposit included:  10.2m @ 7.7% Cu, 9.4% Zn, 0.9% Pb, 49.7g/t Ag and 0.74 g/t Au (10.2m @ 10.8% Cu-Equiv.) in ANT137  8.0m @ 5.9% Cu, 7.6% Zn, 0.6% Pb, 37.3g/t Ag and 0.46 g/t Au (8.0m @ 8.3% Cu-Equiv.) in ANT134  5.3m @ 4.12% Cu, 8.64% Zn, 1.55% Pb, 51.3 g/t Ag and 0.72 g/t Au (5.3m @ 6.8% Cu-Equiv.) in ANT130  2.5m @ 10.0% Cu, 4.2% Zn, 1.1% Pb, 55.5g/t Ag and 0.99 g/t Au (2.5m @ 11.8% Cu-Equiv.) in ANT131; and 3.9m @ 0.7% Cu, 3.91% Zn, 0.2% Pb, 9.0g/t Ag, and 0.06g/t Au (3.9m @ 1.9% Cu-Equiv.) from a newly identified zone of mineralization  2.5m @ 7.3% Cu, 6.5% Zn, 1.7% Pb, 76.5g/t Ag and 0.42 g/t Au (2.5m @ 9.7% Cu-Equiv.) in ANT133  2.4m @ 4.5% Cu, 4.2% Zn, 0.33% Pb, 31.3 g/t Ag and 0.08 g/t Au (2.4m @ 5.3% Cu-Equiv.) in ANT132 The Reserve definition drilling program has been extremely successful, regularly intersecting mineralisation of a higher grade and greater thickness than was modelled.
ChatGPT said:

ChatGPT
This passage outlines the results from a series of reserve definition drilling at the Antler Copper Deposit, focusing on the mineralisation encountered and the implications for the Mineral Resource and Ore Reserve estimates.
Key Points of Analysis:

1. Exceptional Drill Results:
   • The passage starts by highlighting the final hole in the reserve definition drilling program, which intersected particularly thick and high-grade mineralisation in the Main Shoot. The mineralisation included copper (Cu), zinc (Zn), lead (Pb), silver (Ag), and gold (Au), with the key results being:
     • 18.6m @ 2.8% Cu, 9.4% Zn, 0.9% Pb, 41.0 g/t Ag, and 0.29 g/t Au from 390.0m depth (equivalent to 5.9% Cu-Equivalent).
     • 2.4m @ 0.69% Cu, 3.34% Zn, 0.89% Pb, 23.5g/t Ag, and 0.1g/t Au from 428.9m depth (equivalent to 1.9% Cu-Equivalent).
   • The second intercept (2.4m) is less impressive than the first (18.6m), but still demonstrates a solid level of mineralisation.
2. Grade and Thickness Exceed Expectations:
   • The results exceeded expectations based on the current resource model, meaning that both the thicknessand grade of the mineralisation are better than previously predicted.
   • As a result, the Mineral Resource estimates will likely be upgraded both in terms of tonnage and grade, which is a positive outcome for the project.
3. Other Significant Drill Intercepts:
   • The passage provides a series of additional drill results from previous holes, each demonstrating high-grade mineralisation:
     • ANT137: 10.2m @ 7.7% Cu, 9.4% Zn, 49.7g/t Ag, and 0.74g/t Au (10.8% Cu-Equiv.).
     • ANT134: 8.0m @ 5.9% Cu, 7.6% Zn, 37.3g/t Ag, and 0.46g/t Au (8.3% Cu-Equiv.).
     • ANT130: 5.3m @ 4.12% Cu, 8.64% Zn, 51.3g/t Ag, and 0.72g/t Au (6.8% Cu-Equiv.).
     • ANT131: 2.5m @ 10.0% Cu, 4.2% Zn, 55.5g/t Ag, and 0.99g/t Au (11.8% Cu-Equiv.).
     • ANT133: 2.5m @ 7.3% Cu, 6.5% Zn, 76.5g/t Ag, and 0.42g/t Au (9.7% Cu-Equiv.).
     • ANT132: 2.4m @ 4.5% Cu, 4.2% Zn, 31.3g/t Ag, and 0.08g/t Au (5.3% Cu-Equiv.).
   • These results reflect a consistent pattern of high-grade intersections, particularly for copper and zinc, across different sections of the deposit.
4. Newly Identified Zone:
   • A newly identified zone of mineralisation was encountered in ANT131 (3.9m @ 0.7% Cu, 3.91% Zn, etc.), which may suggest the deposit's potential extends beyond the current resource model.
   • This could be important for expanding the resource, although it is a smaller intercept compared to others.
5. Reserve Definition Drilling Success:
   • The drilling program is described as "extremely successful," consistently intersecting mineralisation that is thicker and higher-grade than anticipated. This implies that the drilling is refining the understanding of the deposit and may result in an increase in Ore Reserves.
6. Cu-Equivalent Calculation:
   • The use of Cu-Equivalent values (ranging from 5.3% to 11.8%) helps to standardize the value of the different minerals in the deposit. This is useful for assessing the overall value of the mineralisation, especially when metals like copper, zinc, and silver are present in significant quantities.

Implications:

• Resource and Reserve Upgrades: Given the exceptional grades and thicknesses encountered in the drilling, the company can expect to upgrade the resource model, which may lead to an increase in both the tonnage and gradeof the Mineral Resource and Ore Reserve estimates.
• Potential for Expanded Operations: The newly identified mineralisation zone could be a sign that there are still areas of the deposit to be explored, potentially expanding the project further.
• Positive for Investors: The results will likely be well-received by investors, as higher-grade intersections typically translate to improved economics for the mining operation, potentially leading to higher production rates and lower costs per unit of metal.
• Sustainability of the Project: The high-grade nature of the results is important for the economic viability of the project. Higher grades allow for a more profitable operation, even if only a portion of the deposit is mined initially.

Conclusion:

The drilling results are highly positive for the Antler Copper Deposit, demonstrating higher-than-expected grades and thicknesses. The company is likely to benefit from upgraded resource estimates and may identify additional mineralisation that could expand the deposit. These results bolster the project’s economic outlook and enhance its attractiveness to investors and stakeholders.