NAG

9.09%

1.0¢ nagambie resources limited

Ann: Antimony-Gold Mineable Intersections Increased to 18, page-22

First 22 Last

Share
Profile

Follow
WizardsTool

272 Posts.

21

18/03/23

19:41

Post #: 66841111
Share

Originally posted by omero54: ↑

I have been trying to assess how far away we are from having a credible mining operation and therefore a SP increase that will give all long-term holders a reward for their patience.

My research tells me the following and I would welcome opinions on where NAG is at the moment and how long before we achieve the aforementioned dramatic SP rise.

Here it goes….

The assessment of a stibnite and gold ore typically involves several stages of evaluation, which may include geological mapping, drilling and sampling, laboratory testing, and economic analysis.

My understanding of some of the common steps involved in the assessment process:

1.Geological mapping: The first step in assessing a stibnite and gold ore is to conduct geological mapping of the deposit. This involves identifying the mineralized structures, mapping the rock types, and identifying any features that may affect the extraction of the ore.

Check

2.Drilling and sampling: Once the deposit has been mapped, drilling is conducted to collect samples of the ore. The samples are analyzed to determine the grade and mineralogy of the ore, as well as other factors such as the presence of contaminants.Laboratory testing: The ore samples are then subjected to a series of laboratory tests to determine their physical and chemical properties. These tests may include assays to determine the concentration of gold and antimony, as well as tests to determine the ore's metallurgical properties.

Check

3.Economic analysis: Once the laboratory test results are available, an economic analysis is conducted to determine the viability of mining the deposit. This analysis takes into account factors such as the estimated size and grade of the deposit, the cost of mining and processing the ore, and the market price for gold and antimony.

In advanced progress

4.Feasibility study: If the economic analysis indicates that the deposit is viable, a feasibility study is conducted to determine the detailed technical and economic parameters of the project. This study includes detailed engineering design, environmental impact assessment, and market analysis, among other factors.Overall, the assessment of a stibnite and gold ore requires a multidisciplinary approach and involves several stages of evaluation to determine the viability and profitability of mining the deposit.

I believe this is being seriously looked at now.

Expand

economics and what is "mineable" is a bit of a thumb suck until a sense of scale is attained

NAG is reporting drill hole intercepts at what are mineable wudths at Costerfield which is fine if NAG define a resource of similar tonnes and grade ... if its smaller cut-off grade probably higher, if larger then lower.

as for how far away NAG is from knowing any of this, one way to get an idea is look at how much drilling Costerfield has done over the years and compare to what NAG has done to date ...

2022 technical report for Costerfield shows history of drilling and at what stages resources declared ... page 43

NAG Price at posting: 5.0¢ Sentiment: None Disclosure: Held
2 Upvote

0 Great analysis

Reply

First 22 Last

(20min delay)
Last 1.0¢		Change -0.001(9.09%)		Mkt cap ! $7.966M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.0¢	$1.822K	169.5K

Buyers (Bids)

No.	Vol.	Price($)
2	172000	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	140805	2

View Market Depth

No.	Vol.	Price($)
2	172000	0.010
13	1592430	0.009
5	1016000	0.008
1	160000	0.007
1	250000	0.006

Price($)	Vol.	No.
0.011	140805	2
0.012	580000	3
0.013	252383	2
0.014	160615	1
0.015	658165	1

Last trade - 11.23am 14/06/2024 (20 minute delay)

NAG (ASX) Chart

Ann: Antimony-Gold Mineable Intersections Increased to 18, page-22

Featured News

ASX Market Close: Unemployment dips as index climbs | 13 June, 2024

Week 24 Wrap: US contagion sentiment not so contagious; iron ore remains pressured

Whitebark launches $1.5M capital raise to progress QLD geothermal assets

Dominos looks tasty and tempting, but could be too spicy and even dicey

ASX Market Close: Consumer Discretionary rises ahead of interest rates decision | June 14, 2024

Lightning spots additional pegmatites during first Brazilian visit

Maiden production at Alta Mesa puts Boss on the charge for 3Mlbs target

Pearl Gull Iron snaffles REE project in Chile, noting geological echoes of China

Triangle gets approval for Perth Basin carbon sequestration project

Telix dips as pharma giant abandons US IPO for NASDAQ listing – despite record run

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Antimony-Gold Mineable Intersections Increased to 18, page-22

Featured News

Top Stories

ASX Market Close: Unemployment dips as index climbs | 13 June, 2024

Week 24 Wrap: US contagion sentiment not so contagious; iron ore remains pressured

Whitebark launches $1.5M capital raise to progress QLD geothermal assets

Dominos looks tasty and tempting, but could be too spicy and even dicey

ASX Market Close: Consumer Discretionary rises ahead of interest rates decision | June 14, 2024

Lightning spots additional pegmatites during first Brazilian visit

Maiden production at Alta Mesa puts Boss on the charge for 3Mlbs target

Pearl Gull Iron snaffles REE project in Chile, noting geological echoes of China

Triangle gets approval for Perth Basin carbon sequestration project

Telix dips as pharma giant abandons US IPO for NASDAQ listing – despite record run

Buyers (Bids)

Sellers (Offers)

Featured News