AUZ 0.00% 1.3¢ australian mines limited

Ann: AUZ export Australia's largest sample of Co & Ni sulphate, page-221

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  1. pc3
    2,302 Posts.
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    Her reply seems to indicate that any "upgrade" in mineral resource sitting under the initial proposes plant site was/is not required for impending BFS. If you take the response at face value she is right. Three months over a 20yr project is nothing and altering the proposed plant site for such a valuable commodity sitting under it would make sense.

    Keep in mind although we "expect" the drill bit to show a resource increase in other areas of Sconi, until that is proven you cant definitively say we have more resource. Therefore it makes sense again "on face value" to be able to access whatever resource is under the plant.

    Currently the project is about maximizing Sconi for our off-take partner and locking that down. Thack and Flem while potentially great resources in their own right and good fall back positions, are not the crux of the impending BFS and AUZ/SK/Mercedes deal.
 
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