Ann: Excellent Results from Ore Sorter Test Work , page-7

re: Ann: Excellent Results from Ore Sorter Te... Hi Plough and Stumpy,

That part of the calculation I was a bit confused with myself. Basically with the way I did the calculation as described above I got a value of 0.81 kg of WO3 per ton but if I had done the calculation by subtracting 88% from my initial 1000 kg and then taking those 120 kg and multiplying them with the given grade of 0.7 we get a value of 0.84 which is off by 0.03 kg from the initial calculation.

This is due to the fact that the value of 0.7 has been rounded up from a value of 0.693 which we obtain by multiplying the upgrade ratio 7.7 and the head grade of 0.09.

If we then take that value of 0.693 we find that within the leftover 120 kg we obtain a value of 8.316 kg WO3.

Keep in mind that the numbers presented in the ASX release are crude rounded figures so using them to perform these calculations will give different results depending on how the calculation is done.

Thanks for reading my post stumpy and plough.

I reckon we are past the dreaded transition period and should expect to see and hear a lot more from the company.

Exiting times ahead.