EIO 3.57% 29.0¢ energio limited

Ann: Analyst Presentation , page-3

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  1. 5,719 Posts.
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    Looks like we lose another 21 holes from the maiden JORC.

    By my calcs, that means a maximum total of 534 holes will be included (with 44 of these still to be released). At 18.47m avg depth so far, an SG of 2.25, and virtually no cut-off grade, that would give approximately 421Mt.

    I presume a cut-off grade will be used by Coffee (my guess would be 20%), so 400Mt could be a stretch first-up. A shame cos those assumptions would have provided as much as 623Mt from the whole 15sq km drill area.
 
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