AZY 0.00% 1.1¢ antipa minerals limited

Ann: Further Significant High-grade Au Intersections at Calibre, page-21

  1. 1,719 Posts.
    lightbulb Created with Sketch. 579

    I can partly answer 1 of your questions. In regards to the rapid development of Winu, I post the RIO statement below:

    The project is a complex greenfields development that challenges the traditional Rio Tinto development model and framework. We aim to do things differently. The project requires a rapid, schedule-driven approach to develop a Minimum Viable Project without precluding the ability for further expansion in future.

    How this relates to AZY JV is that in the space of 8 months; 04/20—12/20, RIO decisively commited a budget of almost $27 million for increased further exploration for Y20 & 21. Make no mistake, if the above statement is the way RIO will develop Winu, there's no way that they would spend $27 million on exploration in such a short timeframe, when they could spend that amount towards project & construction costs.
    So I believe part of RIO'S rapid development will involve Calibre & possibly Magnum, because the higher grades will pay off the Winu project costs in a short amount of time






 
watchlist Created with Sketch. Add AZY (ASX) to my watchlist
(20min delay)
Last
1.1¢
Change
0.000(0.00%)
Mkt cap ! $51.81M
Open High Low Value Volume
1.1¢ 1.2¢ 1.1¢ $47.25K 4.284M

Buyers (Bids)

No. Vol. Price($)
6 4293869 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 10314945 16
View Market Depth
Last trade - 16.10pm 13/08/2024 (20 minute delay) ?
AZY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.