NVA 7.89% 20.5¢ nova minerals limited

Ann: Fully Funded to Fast Track Estelle Gold Project Development, page-96

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  1. 582 Posts.
    lightbulb Created with Sketch. 918
    Yes 60+% one day. Thanks for that Wombat.

    I just want to provide if I may, some context just so investors here understand we will see no where near 60% conversion this year.

    I dont see drill spacing information on first glance in that technical report but based on the below clips they clearly have alot of drill holes at tight spacing. This is what allows them to have that kind og M&I conversion:
    https://hotcopper.com.au/data/attachments/2440/2440649-940777ba86534ba66de0daf3521c264e.jpg
    https://hotcopper.com.au/data/attachments/2440/2440661-3f445e0a9213e3460b45011f240c47be.jpg

    The block size used in the estimate can give us an indication of drill spacing, as generally 1/2 the drill spacing is used for block size. 10 meter blocks would lead us to think they used an average of 20m drill spacing.

    By comparison, our fan shaped drilling means the holes will be more that 20m apart quite quickly as they get deeper.

    Managing expectations to keep it real and avoid disappointment is all

    Last edited by kduvey: 03/09/20
 
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