From the announcement
"HM cut-off, produces an average interval thickness of 12.2 metres and an average intercept grade of 8.0 % HM. As a cautionary note the potential
average thickness and grade should only be considered an approximate guide due to the current wide and
variable drill hole spacing"
I'm interpreting this to mean just wait for us to do the infill and the grade average will increase.
Ann: Drilling Confirms Potential for World-Class Titanium Project, page-8
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