For the time poor among us , I have posted (above) extracts from the CGP Mineral Resource announcement figures for the Cardinia project area from both April 2019 and June 2019.
My back of the envelope calcs for Cardinia only atm show that overall there has been:
1. An increase of 1.04Mt in resource tonnage and 60,000 oz Au approx.
2. 8.8% reduction in Indicated Resources (decrease of 22,000 oz Au) due to 21,000oz and 1,000oz decreases in Bruno and Lewis Indicated Resources respectively.
3. 5% overall average increase in Au grade / tonne
4. 249% increase in Inferred Resources (an increase of 79,000 oz. Au) largely due to 66,000oz. increase in the Bruno Inferred resource.
Am looking forward to the pending resource estimate update and PFS due in coming weeks. This is my "back of the envelope" review of the Bruno /Lewis update only , so dyor accordingly and correct me if I am wrong .
Cheers
Ann: Bruno-Lewis Mineral Resource Update, page-2
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