Ann: Exploration Update - Capricorn Copper, page-14

Yep - only two holes into it but separated by 200-250m, as this long section cut perpendicular to the Portal Fault shows it all depends on future drilling and how they slice and dice it (whether they separate out the higher grade 2 or 3 lenses into >2.5% Cu or if they bulk it up at the 1.2% Cu envelope):




Obviously further drilling needed, but this image shows that Greenstone has a total of 1.8Mt at 1.6% Cu (Resources and reserves) so this new zone east of the Portal Fault looks at least a bit similar to the dimensions of Greenstone at the very least, and thats assuming that its the only mineralisation present east of the Portal Fault which is now quite a stretch to imagine that the first two deep holes east of the Portal Fault have found the only significant ore zone east of the Portal Fault.

Those two holes UDMAM22_104 and UDMAM22_110 are drilled downwards approx -47 deg dip towards mine grid NE and most of Mamoth plunged 65 deg towards mine grid SW so those drill holes are possibly not drilling down plunge and might be somewhere close to true width? If so thats significant as you say.

Just got to mention - to be fair and balanced that this mineralization needs a lot more work (drilling) and is quite deep with a long decline haul to surface, so grades will need to be good, and copper prices will need to be elevated to make this stuff economic/profitable

.