Ann: December Quarterly Activities and Cashflow R, page-6

re: Ann: December Quarterly Activities and Ca... "Balama West is the largest known graphite deposit in the world" (Note: no if's, but's, or maybe's!)
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Certainly a top notch presentation. I particularly liked the chart with the 2 big red balloons depicting the SYR resource. Stunning when you compared to all those teensy weensy insipidly colored little "droplets" representing the opposition.

Stunning as it may be, are they comparing apples with apples?

From what I read the SYR JORC is “inferred” (estimated with a low level of confidence) – most of the other “opposition” have inferred, indicated, and measured JORC’s in place.

For those who don’t know the difference……..

A 'Mineral Resource' is a concentration or occurrence of material of intrinsic economic interest in or on the earth's crust in such form, quality and quantity that there are reasonable prospects for eventual economic extraction. Mineral Resources are further sub-divided, in order of increasing geological confidence, into inferred,Indicated and measured Categories.

Inferred Mineral Resource is that part of a mineral resource for which tonnage, grade and mineral content can be estimated with a low level of confidence. It is inferred from geological evidence and assumed but not verified geological/or grade continuity. It is based on information gathered through appropriate techniques from location such as outcrops, trenches, pits, workings and drill holes which may be of limited or uncertain quality and reliability.

Indicated resources are simply economic mineral occurrences that have been sampled (from locations such as outcrops, trenches, pits and drillholes) to a point where an estimate has been made, at a reasonable level of confidence, of their contained metal, grade, tonnage, shape, densities, physical characteristics.[2]

Measured resources are indicated resources that have undergone enough further sampling that a 'competent person' (defined by the norms of the relevant mining code; usually a geologist) has declared them to be an acceptable estimate, at a high degree of confidence, of the grade, tonnage, shape, densities, physical characteristics and mineral content of the mineral occurrence