NVA 2.27% 21.5¢ nova minerals limited

Ann: Further Visible Gold Intersected at RPM, page-32

  1. 5,802 Posts.
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    I was thinking that myself, that 043's VG looks stronger than 008's VG. Making a point to show both to compare.

    'Most impressive specimen of visible gold seen thus far at RPM' from management confirms the thought, and drives it home.


    2cm of VG can hardly be extrapolated to a 325m hole, but it's very interesting anyway.

    I'm doubting RPM-002 or RPM-004 (showing boundaries of a possible trend) showed any significant VG like this, and they came to 0.4-1.0g/t for long distances.

    The best VG in all of RPM! Even including the best hole 132m @ 10.1 g/t Au. It's very interesting for the possible West-East trend.


    RPM North being expanded is likely the best thing that can happen to NVA, in regards to the economics in future studies.
    - Anything that falls outside of the existing pit design / resource outline, with grades better than RPM South.
    - Minimal incremental CAPEX.
    - Additional high-grade Oz in early years (the years with lower time-value discount).
    - Additional years of high grade, high margin production replacing some initial years of Korbel production.

    If Train/Trumpet/RPM-Mid showed numbers superior to RPM South, then that would be the 2nd best thing.
 
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