The 1.1m ounces is the overall size of the resource across all three categories, Measured, Indicated and Inferred.
The total number of ounces that will be mined is 687,000, and they expect to recover 92% of that amount which is 635,000. You never recover 100%
The 635,000 ounces is the number of ounces they can produce at an acceptable profit margin if the gold price was US$2,200
Other examples of this are Barton Gold: Total Resource 1.5m ounces; Scoping Study: 833,000 ounces; Current value of company is $59m Rox Resources: Total resource 3.2m ounces; Scoping Study: 568,000 ounces; Current value of company is $78m (But they have a PFS) Horizon Gold: Total Resource 2.14m ounces; Scoping Study: 840,000 ounces; Current value of company is $57m Dateline: Total Resource 1.1m ounces; Scoping Study: 635,000 ounces; Current value of company is $7.5m
DTR Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)