WR1 2.71% $1.26 winsome resources limited

Ann: Globally significant MRE of 59MT at Adina Lithium Project, page-450

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    Im not an expert on the differences and make no claim to be. I am only relaying opinions of others, some of whom I consider professional and reliable. Others I can not speak to their merits.


    Having said that I believe in practical terms a lot of the difference can be explained by the 43-101 only measuring a pit constrained resource where as under the JORC code you are not pit constrained. WR1 can include resource that falls outside the limits of a designed pit under JORC, PMT cannot under the 43-101. You can argue which is right/better/correct but until PFS stage is reached the comparisons cannot simply extracted from the two MRE's.
    Last edited by seventhseal: 12/12/23
 
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