Is the Moving Loop EM anomaly at A1 measuring 1,300m x 500m bigger than Cyclone mineralisation zone?
Cyclone resource is 12.1 Mt at 1.2%Cu & 3.8 g/t Ag for 148,000 tonnes of copper.
Therefore, A1 anomaly could contain >10 Mt of copper ore, or >120,000 tonnes of copper metal ~AUD$1.6 billion dollars of metal.
Assume: 1 tonne copper = AUD$13,700
I think the MLEM system is paying for itself.
Reference: AW1 July Presentation page 7
Ann: Deep Drilling Hits More Copper at Storm, page-24
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