re: Ann: Further Exceptional Copper Results f...
enrich,
If the infill results to the east are at least the same as what was originally inferred and that certainly looks the case then yes, the extension to the west should add to the JORC resource. Note that Stage 1 is much smaller than Stage 2 so an increase to the Stage 1 resource won't make a significant percentage change to the combined resource.
As you may well know, the main game here is to update our current Stage 1 JORC to the measured category so as to get the finance for mining Stage 1 not necessially to grow the resource. Though any increase is a good increase.
The main significance of the western end results is the high grades at shallow depth. Much cheaper initial mining costs before cash is generated. A good thing in itself but also it adds confidence that BlackRock will be more confident sign off the $12 million without delay.
Just need the updated JORC and Mine Licence which now appear as just a matter of signing paperwork and we are on our way.
AVB Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
