The company has announced three sets of grade control drilling over the last month. The grade control drilling on 10 x10 metre spacing fills in all the gaps between the 20 x 20 metre spaced resource model drilling. It enables more detailed mine planning and scheduling. From what I see the grade control drilling results exceed the resource drilling results. Shareholders can in my opinion, look forward to a near term announcement quantifying the extra ounces contained in the cap rock and saprolite zone over the initial year of production compared to the Mine Reserve based on the Resource Model based on wider spaced driling. The grade control block model should already be generated so I expect an announcement is imminent.
NMG Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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