Ann: BFS supports strong commercial case for developing Sconi, page-849

Bdiggii, yes we are waiting for the next round of drilling information to be released. I believe the smaller sampled area correlates with the infill drilling spacings of 20m x 20m and 40mx40m spacings that will allow the rest of the Sconi resource(total 89 mill tons) to be incorporated into the upgraded BFS. As only 33 million tons were used in BFS1 you can deduce there is a fair bit that will be upgraded to reserve which inflates NPV IRR and LOM .IMO. As dicussed on here , the Lenders , NAIF and SK have scrutenised & agreed with eveything so far that has been released. SCONI is also approx 270 square kilometers.

“We have also recently added to our large land holding at Sconi through a newtenement covering 272 square kilometres, which is considered prospective for mineralisation in its own right. This sees Australian Mines' total landholding at Sconiapproaching 2,000 square kilometres.”Jun 27, 2018